Colorado § 30-35-702 Vote of electors - when not required

Colorado Statutes

§ 30-35-702 — Vote of electors - when not required

Colorado·Title 30 Government·Art. Home Rule Counties

Whenever such governing
body deems it expedient to issue refunding bonds under the provisions of this part
7 and the net interest cost and the net effective interest rate of the proposed issue
of refunding bonds does not exceed the net interest cost and net effective interest
rate of the issue of bonds to be refunded, such refunding bonds may be issued
without the submission of the question of issuing such refunding bonds to a vote of
the qualified electors of the county. The issuance of bonds under this part 7 for the
purpose of refunding bonds which were originally issued to supply water to the
county shall not require approval of such electors.

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Whenever such governing
body deems it expedient to issue refunding bonds under the provisions of this part
7 and the net interest cost and the net effective interest rate of the proposed issue
of refunding bonds does not exceed the net interest cost and net effective interest
rate of the issue of bonds to be refunded, such refunding bonds may be issued
without the submission of the question of issuing such refunding bonds to a vote of
the qualified electors of the county. The issuance of bonds under this part 7 for the
purpose of refunding bonds which were originally issued to supply water to the
county shall not require approval of such electors.

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