§ 31-25-1223 — Effect - subsequent elections

Colorado § 31-25-1223

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

Text

If any such proposition is
approved at such election in the manner required by part 8 of article 1 of title 32,
C.R.S., the district is authorized to incur such indebtedness or obligation, enter into
such contract, or issue and sell such bonds of the district, as the case may be, all
for the purposes and objects specified in the proposition submitted, in the amount
so provided, and at a rate of interest such that the maximum net effective interest
rate specified in the proposal is not exceeded. The bonds may be sold at public or
private sale, as determined by the board to be in the best interests of the district.
Submission of the proposition of incurring such obligation or bonded or other
indebtedness at such an election shall not prevent or prohibit submission of the
same or other propositions at subsequent elections called for such purpose.

Legislative History

Source: L. 88: Entire part added, p. 1141, � 1, effective May 6.