§ 31-21-103 — Bond election - judgments

Colorado § 31-21-103

• Jurisdiction: Colorado
• Title 31: Government
• Art.: Bonds

Text

(1) Whenever such governing body
deems it expedient to issue funding bonds under the provisions of this part 1, it shall
direct, by ordinance, that the question be submitted at a regular election in the
manner provided for authorization of other bonded indebtedness in section 31-15-302 (1)(d). At any election held under the provisions of this part 1, the question of
authorizing the funding of all or any part of the floating indebtedness of the city or
town may be submitted as one question for determination, irrespective of the form
or date of such indebtedness. The election shall be conducted as nearly as possible
in conformity with the provisions of the Colorado Municipal Election Code of 1965.
The election notice shall specify, in addition to the time and places for holding said
election, the qualifications for persons to vote on such question, the amount of the
indebtedness to be funded, and the amount of funding bonds proposed to be issued
and the rate of interest they shall bear. At such election the ballots or voting
machine tabs shall contain the words For the Funding Bonds and Against the
Funding Bonds.

(2) No election shall be necessary to authorize the governing body to issue
bonds for the purpose of funding indebtedness in the form of a valid subsisting
judgment against the municipality.

Legislative History

Source: L. 75: Entire title R&RE, p. 1134, � 1, effective July 1.