§ 31-25-602 — Definitions

Colorado § 31-25-602

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

Text

As used in this part 6, unless the context otherwise
requires:

(1) District means an improvement district that is a taxing unit and that may
be created by any municipality in this state for the purpose of acquiring,
constructing, installing, operating, or maintaining any public improvement or for the
purpose of providing any service so long as the municipality that forms the district
is authorized to perform such service or provide such improvement under the
municipality's home rule charter, if any, or the laws of this state. Public
improvement or service shall not include any facility identified in section 30-20-101 (8) or (9), C.R.S., nor shall the terms include services identified in section 30-15-401 (4) to (7.7), C.R.S., unless the district provides such services consistent with part
4 of article 15 of title 30, C.R.S. No such improvement or facility shall duplicate or
interfere with any municipal improvement already constructed or planned to be
constructed within the limits of such district.

(2) (a) Elector of a district means a person who, at the designated time or
event, is qualified to register to vote in general elections in this state and:

(I) Has been a resident of the district or of the area to be included in the
district for not less than thirty days; or

(II) Owns, or whose spouse owns, taxable real or personal property within the
district or within the area to be included within the district, whether the person
resides within the district or not.

(b) Where the owner of taxable real or personal property specified in
subparagraph (II) of paragraph (a) of this subsection (2) is not a natural person, an
elector of a district shall include a natural person designated by such owner to
vote for such person. Such designation shall be in writing and filed with the clerk of
the municipality. Only one such person may be designated by an owner.

(3) Net effective interest rate of a proposed issue of bonds means the net
interest cost of said issue divided by the sum of the products derived by multiplying
the principal amount of such issue maturing on each maturity date by the number of
years from the date of said proposed bonds to their respective maturities.

(4) Publication, if no manner is specified therefor, means publication once a
week in three consecutive weekly editions of a newspaper of general circulation in
the district. It shall not be necessary that publication be made on the same day of
the week in each of the three weeks; but not less than fourteen days, excluding the
day of first publication, shall intervene between the first publication and the last
publication, and publication shall be complete on the date of the last publication.

Legislative History

Source: L. 75: Entire title R&RE, p. 1202, � 1, effective July 1. L. 84: (1) amended, p. 839, � 2, effective March 29. L. 92: (2) amended, p. 2180, � 45, effective June 2. L. 94: (2)(a) amended, p. 1775, � 44, effective January 1, 1995. L. 99: (1) amended, p. 518, � 18, effective April 30. L. 2002: (2) amended, p. 277, � 18, effective August 7.