Colorado § 31-25-115 Transfer - abolishment

Colorado Statutes

§ 31-25-115 — Transfer - abolishment

Colorado § 31-25-115

Title 31Government

Art.Public Improvements

This text of Colorado § 31-25-115 (Transfer - abolishment) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 31-25-115 (2026).

Text

(1)Notwithstanding any other provision of this part 1, the governing body of a municipality may designate itself as the authority when originally establishing said authority. A transfer of an existing authority to the governing body may be accomplished only by majority vote at a regular election. (1.5) When the governing body of a municipality designates itself as the authority or transfers an existing authority to the governing body pursuant to subsection (1) of this section, one such commissioner on the authority must be appointed by the board of county commissioners of the county in which the territorial boundaries of the urban renewal authority area are located, one such commissioner must also be a board member of a special district selected by agreement of the special dist

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(1) Notwithstanding any other provision
of this part 1, the governing body of a municipality may designate itself as the
authority when originally establishing said authority. A transfer of an existing
authority to the governing body may be accomplished only by majority vote at a
regular election.

(1.5) When the governing body of a municipality designates itself as the
authority or transfers an existing authority to the governing body pursuant to
subsection (1) of this section, one such commissioner on the authority must be
appointed by the board of county commissioners of the county in which the
territorial boundaries of the urban renewal authority area are located, one such
commissioner must also be a board member of a special district selected by
agreement of the special districts levying a mill levy within the boundaries of the
urban renewal authority area, and one commissioner must also be an elected
member of a board of education of a school district levying a mill levy within the
boundaries of the urban renewal authority area. Appointments made pursuant to
this subsection (1.5) must be made in accordance with the procedures specified in
section 31-25-104 (2).

(2) The governing body of a municipality may by ordinance provide for the
abolishment of an urban renewal authority, provided adequate arrangements have
been made for payment of any outstanding indebtedness and other obligations of
the authority. Any such abolishment shall be effective upon a date set forth in the
ordinance, which date shall not be less than six months from the effective date of
the ordinance.

Legislative History

Source: L. 77: Entire section added, p. 1468, � 1, effective May 26. L. 2007: (1) amended, p. 1984, � 41, effective August 3. L. 2015: (1.5) added, (HB 15-1348), ch. 261, p. 989, � 3, effective August 5.