§ 30-20-618 — Power of board to contract debt - question submitted to voters

Colorado § 30-20-618

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

Text

The board shall have power to contract an indebtedness on behalf of the county,
and upon the credit thereof, by borrowing money or issuing the negotiable interest-bearing bonds of the county for the purpose of providing a fund to pay such part of
the cost of improvements authorized by this part 6 as may be determined by the
board, subject, however, to constitutional limitations. No such debt shall be created
for such purposes unless the question of incurring the same, including the question
of the maximum net effective interest rate, shall be submitted at a special election,
which election shall be called and conducted, the votes canvassed, and the result
declared in the same manner as other county elections on questions of incurring
bonded indebtedness.

Legislative History

Source: L. 73: p. 489, � 1. C.R.S. 1963: � 36-30-17. L. 86: Entire section amended, p. 1060, � 32, effective July 1.