§ 30-20-403 — Authorization of facilities and bonds

Colorado § 30-20-403

• Jurisdiction: Colorado
• Title 30: Government
• Art.: Public Improvements

Text

(1) The acquisition,
construction, reconstruction, lease, improvement, betterment, or extension of any
water facilities or sewerage facilities, or both, and the issuance in anticipation of
the collection of revenues of such facilities of bonds to provide funds to pay the
cost thereof may be authorized under this part 4 by action of the board of county
commissioners taken at a regular or special meeting by a vote of a majority of the
members of the board.

(2) The board, in determining such cost, may include all costs and estimated
costs of the issuance of said bonds; all engineering, inspection, fiscal, and legal
expenses; interest which it is estimated will accrue during the construction or other
acquisition period and for a period of not exceeding one year thereafter on money
borrowed or which it is estimated will be borrowed pursuant to this part 4; any
discount on the sale of the bonds; costs of financial, professional, and other
estimates and advice; contingencies; any administrative, operating, and other
expenses of the county prior to and during such acquisition period and for a period
of not exceeding one year thereafter, as may be determined by the board; and all
other expenses as may be necessary or incident to the financing, acquisition,
improvement, equipment, and completion of any water or sewerage facilities, joint
water and sewer system, or part thereof, and the placing of the same in operation;
and also such provision or reserves for working capital, operation, maintenance, or
replacement expenses or for payment or security of principal of or interest on any
bonds during or after such an acquisition or improvement and equipment as the
board may determine; and also reimbursements to the federal government, or any
agency, instrumentality, or corporation thereof, of any moneys theretofore
expended for or in connection with any such water or sewerage facilities, or both.

Legislative History

Source: L. 71: p. 357, � 1. C.R.S. 1963: � 36-29-3.