Colorado Statutes

§ 30-20-519 — Reserve fund

Colorado·Title 30 Government·Art. Public Improvements
Whenever any indebtedness has been incurred by a district, it is lawful for the board to levy taxes and collect revenue for the purpose of creating a reserve fund in such amount as the board may determine, which may be used to meet the obligations of the district, for operating charges and depreciation, and to provide extensions and betterments of the authorized improvements of the district.

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Colorado § 30-20-519 (Reserve fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 68: p. 168, � 18. C.R.S. 1963: � 36-25-18.

Nearby Sections

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