Colorado § 30-20-614 How installments paid - interest

Colorado Statutes

§ 30-20-614 — How installments paid - interest

Colorado·Title 30 Government·Art. Public Improvements

In case of such election to pay
in installments, the assessments shall be payable in two or more installments of
principal, the first of which installments shall be payable as prescribed by the board
in not more than five years and the last in not more than twenty years, with interest
in all cases on the unpaid principal. The number and amounts of payment of
installments, the period of payment, and the rate and times of payment of interest
shall be determined by the board and set forth in the assessing resolution. The
times of payment of installments shall be the same as the times of payment for
installments of property taxes as specified in section 39-10-104.5 (2), C.R.S.; except
that all special assessments for local improvements authorized in section 30-20-603 (11.5) may be pay

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In case of such election to pay
in installments, the assessments shall be payable in two or more installments of
principal, the first of which installments shall be payable as prescribed by the board
in not more than five years and the last in not more than twenty years, with interest
in all cases on the unpaid principal. The number and amounts of payment of
installments, the period of payment, and the rate and times of payment of interest
shall be determined by the board and set forth in the assessing resolution. The
times of payment of installments shall be the same as the times of payment for
installments of property taxes as specified in section 39-10-104.5 (2), C.R.S.; except
that all special assessments for local improvements authorized in section 30-20-603 (11.5) may be payable at such alternate times as provided by the board in the
assessing resolution and the board may enter into agreements with third parties to
assist the treasurer with the administration and collection of such installments.

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Legislative History

Source: L. 73: p. 488, � 1. C.R.S. 1963: � 36-30-13. L. 85: Entire section amended, p. 1074, � 5, effective May 24. L. 86: Entire section amended, p. 1059, � 30, effective July 1. L. 90: Entire section amended, p. 1472, � 3, effective October 1. L. 92: Entire section amended, p. 2184, � 63, effective June 2. L. 2008: Entire section amended, p. 1298, � 18, effective May 27.