Colorado § 31-25-613 Determining and fixing rate of levy

Colorado Statutes

§ 31-25-613 — Determining and fixing rate of levy

Colorado § 31-25-613

Title 31Government

Art.Public Improvements

This text of Colorado § 31-25-613 (Determining and fixing rate of levy) 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. § 31-25-613 (2026).

Text

The board shall determine
the amount of money necessary to be raised by a levy on the taxable property in the
district, taking into consideration other sources of revenue of the district, and shall
fix a rate of levy which, when levied upon every dollar of the valuation for
assessment of taxable property within the district and with other revenues, shall
raise the amount required by the district during the ensuing fiscal year to supply
funds for paying expenses of organization and the costs of acquiring, constructing,
installing, operating, and maintaining the improvements or works of the district or
providing the services of the district and promptly to pay in full when due all
interest on and principal of general obligation bonds, indebtedness, and other
obligations of the dist

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The board shall determine
the amount of money necessary to be raised by a levy on the taxable property in the
district, taking into consideration other sources of revenue of the district, and shall
fix a rate of levy which, when levied upon every dollar of the valuation for
assessment of taxable property within the district and with other revenues, shall
raise the amount required by the district during the ensuing fiscal year to supply
funds for paying expenses of organization and the costs of acquiring, constructing,
installing, operating, and maintaining the improvements or works of the district or
providing the services of the district and promptly to pay in full when due all
interest on and principal of general obligation bonds, indebtedness, and other
obligations of the district. In the event of accruing defaults or deficiencies,
additional levies may be made as provided in section 31-25-614. In accordance with
the schedule prescribed by section 39-5-128, C.R.S., the board shall certify to the
board of county commissioners of each county in which the district or a portion
thereof lies the rate so fixed in order that, at the time and in the manner required by
law for the levying of taxes, such board of county commissioners shall levy such tax
upon the valuation for assessment of all taxable property within the district.

Legislative History

Source: L. 75: Entire title R&RE, p. 1206, � 1, effective July 1. L. 87: Entire section amended, p. 1407, � 3, effective April 4. L. 99: Entire section amended, p. 523, � 25, effective April 30.