Colorado § 31-21-403 Payment in installments

Colorado Statutes

§ 31-21-403 — Payment in installments

Colorado·Title 31 Government·Art. Bonds

Any property owner not paying the tax
in full at one time has the privilege of paying the same in cash installments, the
number of which installments shall be determined by the governing body and which
shall equal the number of years from the time the next tax is payable to the last
maturity of the bonds, with interest on the unpaid installments at the same rate
which the outstanding bonds bear. After any property owner has paid one or more
cash installments, he may pay the balance of said tax with bonds or matured
coupons as provided in section 31-21-402.

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Any property owner not paying the tax
in full at one time has the privilege of paying the same in cash installments, the
number of which installments shall be determined by the governing body and which
shall equal the number of years from the time the next tax is payable to the last
maturity of the bonds, with interest on the unpaid installments at the same rate
which the outstanding bonds bear. After any property owner has paid one or more
cash installments, he may pay the balance of said tax with bonds or matured
coupons as provided in section 31-21-402.

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