§ 31-25-1211 — Approval of actions by municipality

Colorado § 31-25-1211

• Jurisdiction: Colorado
• Title 31: Government
• Art.: Public Improvements

Text

No district created under
the provisions of this part 12 shall issue bonds, levy taxes, fees, or assessments or
provide improvements or services unless the municipality has approved an
operating plan and budget for the district. The operating plan or budget shall
specifically identify the services or improvements to be provided by the district, the
taxes, fees, or assessments to be imposed by the district, the estimated principal
amount of bonds to be issued by the district, and such additional information as the
municipality may require. The district shall file an operating plan and its proposed
budget for the next fiscal year with the clerk of the municipality no later than
September 30 of each year. All of the business records of the district shall be
considered public records, as defined in section 24-72-202 (6), C.R.S., and shall
promptly be made available to the municipality upon request. For the purposes of
this section, the business records of the district shall not include the business
records of the owners of property in the district. The municipality may require the
district to supplement the district's operating plan or budget where necessary. The
municipality shall approve or disapprove the operating plan and budget within thirty
days after receipt of such operating plan and budget and all requested
documentation relating thereto, but not later than December 5 of the year in which
such documents are filed. Thereafter, the services, improvements, and financial
arrangements of the district shall conform so far as practicable to the operating
plan and the budget. The operating plan and the budget may, from time to time, be
amended by the district with the approval of the municipality in substantially the
same manner as the process for formulating the operating plan and budget for
each year. Any material departure from the operating plan and the budget, as
originally approved or amended from time to time, may be enjoined by an order of
the municipality filed with the board.

Legislative History

Source: L. 88: Entire part added, p. 1135, � 1, effective May 6. L. 91: Entire section amended, p. 760, � 5, effective May 20.