Colorado Statutes
§ 31-21-303 — Construction - disposition of delinquent assessment
Nothing in
this part 3 shall release or discharge any special assessment which is a lien on or
against any property. Any municipality issuing bonds under this part 3 shall be
subrogated to the rights of the holders or owners of the outstanding special
assessment bonds or obligations paid. If, after the issuance of bonds authorized by
this part 3, the delinquent or defaulted special assessments, or any part thereof,
are collected and the special assessment bonds or obligations payable out of the
particular special assessment fund have been redeemed by means of bonds issued
under this part 3, the amounts so collected shall be used to pay the principal of and
the interest on the bonds authorized and the tax levies therefor shall be reduced in
a like manner.
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Legislative History
Source: L. 75: Entire title R&RE, p. 1142, � 1, effective July 1.
Nearby Sections
15
§ 31-1-101
Definitions§ 31-1-102
Application - legislative intent§ 31-1-201
Classification of municipalities§ 31-1-202
Cities or towns retaining prior status§ 31-1-205
Organization after change§ 31-10-1001
When absent electors may vote§ 31-10-1003
Self-affirmation on return envelope§ 31-10-1004
Manner of absentee voting by paper ballot§ 31-10-1006
Delivery to judges§ 31-10-1007
Casting and counting absentee ballots§ 31-10-101
Short title