§ 31-21-302 — Ordinance - taxes - interest - disposition

Colorado § 31-21-302

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

Text

The issuance of any
bonds in accordance with this part 3 shall be authorized by an ordinance, subject to
and otherwise in accordance with the provisions of section 31-15-302 (1)(d). Such
bonds shall bear interest at a rate and shall be exchanged or sold at a price such
that the net effective interest rate of the issue of bonds does not exceed the
maximum net effective interest rate authorized. Interest shall be paid semiannually
at such place, in such denominations, and by such officers as may be prescribed in
such ordinance. Such bonds may be exchanged for outstanding matured and
overdue special assessment bonds or obligations and interest thereon, or they may
be sold and the proceeds thereof used for the purpose specified in this part 3.

Legislative History

Source: L. 75: Entire title R&RE, p. 1142, � 1, effective July 1.