§ 32-1-902 — Organization of board - compensation - disclosure

(1) After
taking oath and filing bonds, the board shall elect one of its members as chairman
of the board and president of the special district, one of its members as a treasurer
of the board and special district, and a secretary who may be a member of the
board. The secretary and the treasurer may be one person, but, if such is the case,
he or she shall be a member of the board. The board shall adopt a seal, and the
secretary shall keep in a visual text format that may be transmitted electronically a
record of all its proceedings, minutes of all meetings, certificates, contracts, bonds
given by employees, and all corporate acts, which shall be open to inspection of all
electors, as well as to all other interested parties.

(2) The treasurer shall keep strict and accurate accounts of all money
received by and disbursed for and on behalf of the special district in permanent
records. He shall file with the clerk of the court, at the expense of the special
district, a corporate fidelity bond in an amount determined by the board of not less
than five thousand dollars, conditioned on the faithful performance of the duties of
his office.

(3) (a) (I) For directors serving a term of office commencing prior to January 1,
2018, each director may receive as compensation for the director's service a sum
not in excess of one thousand six hundred dollars per annum, payable not to exceed
one hundred dollars per meeting attended.

(II) For directors serving a term of office commencing on or after January 1,
2018, each director may receive as compensation for the director's service a sum
not in excess of two thousand four hundred dollars per annum, payable not to
exceed one hundred dollars per meeting attended.

(b) No director shall receive compensation as an employee of the special
district, other than that provided in this section, and any director shall disqualify
himself or herself from voting on any issue in which the director has a conflict of
interest unless the director has disclosed such conflict of interest in compliance
with section 18-8-308, C.R.S. Reimbursement of actual expenses for directors shall
not be considered compensation. No director receiving workers' compensation
benefits awarded in the line of duty as a volunteer firefighter or pension payments
to retired firefighters shall be allowed to vote on issues involving the director's
disability or pension payments.

(4) If a director of any special district owns undeveloped land which
constitutes at least twenty percent of the territory included in the special district,
such director shall disclose such fact in accordance with section 18-8-308, C.R.S.,
before each meeting of the board, and the fact of such disclosure shall be entered
in the minutes of such meeting. For the purposes of this subsection (4),
undeveloped land means real property which has not been subdivided or which
has no improvements constructed on it, excluding real property dedicated for park,
recreation, or open space purposes.

Legislative History

Source: L. 81: Entire article R&RE, p. 1586, � 1, effective July 1. L. 84: (3) amended, p. 845, � 1, effective July 1. L. 90: (3) amended, p. 572, � 64, effective July 1. L. 91: (4) added, p. 788, � 16, effective June 4. L. 96: (3) amended, p. 548, � 1, effective April 24. L. 2005: (3)(a) amended, p. 386, � 1, effective July 1. L. 2009: (1) amended, (HB 09-1118), ch. 130, p. 562, � 9, effective August 5. L. 2017: (3)(a) amended, (HB 17-1297), ch. 364, p. 1905, � 1, effective August 9.