Colorado Statutes
§ 31-25-614 — Levies to cover deficiencies
The board, in certifying annual
levies, shall take into account the maturing indebtedness for the current and
ensuing year as provided in its contracts, maturing bonds, and interest on bonds,
and deficiencies and defaults of prior years, and shall make ample provision for the
payment thereof. In case the moneys produced from such levies, together with
other revenues of the district, are not sufficient to punctually pay the annual
installments on its contracts or bonds and interest thereon and to pay defaults and
deficiencies, the board, from year to year, shall make such additional levies of taxes
as may be necessary for such purposes, and, notwithstanding any limitations, such
taxes shall be made and continue to be levied until the indebtedness of the district
is fully paid.
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Legislative History
Source: L. 75: Entire title R&RE, p. 1207, � 1, effective July 1.
Nearby Sections
15
§ 31-1-101
Definitions§ 31-1-102
Application - legislative intent§ 31-1-201
Classification of municipalities§ 31-1-202
Cities or towns retaining prior status§ 31-1-205
Organization after change§ 31-10-1001
When absent electors may vote§ 31-10-1003
Self-affirmation on return envelope§ 31-10-1004
Manner of absentee voting by paper ballot§ 31-10-1006
Delivery to judges§ 31-10-1007
Casting and counting absentee ballots§ 31-10-101
Short title