§ 30-31-115 — Designation - transfer - abolishment

Colorado § 30-31-115

• Jurisdiction: Colorado
• Title 30: Government
• Art.: County Revitalization

Text

(1) Notwithstanding any
other provision of this article 31, the governing body may designate itself as the
authority when originally establishing an authority. A transfer of an existing
authority to the governing body may be accomplished only by majority vote at a
regular election.

(2) When the governing body designates itself as the authority or transfers
an existing authority to the governing body pursuant to subsection (1) of this
section, the governing body shall appoint the authority commissioners in
accordance with section 30-31-104 (2).

(3) The governing body of the county may, by resolution, provide for the
abolishment of the county revitalization authority so long as adequate
arrangements have been made for payment of any outstanding indebtedness and
other obligations of the authority. Any such abolishment is effective upon a date set
forth in the ordinance and this date must not be later than six months after the
effective date of the ordinance.

Legislative History

Source: L. 2024: Entire article added, (HB 24-1172), ch. 387, p. 2672, � 1, effective August 7.