Colorado Statutes
§ 32-11-303 — Sinking funds
Whenever any obligations (other than any special
obligations not payable from taxes) have been incurred by the district, subject to
the limitations in section 32-11-217 (1)(d), the board may levy taxes and collect
revenue for the purpose of creating a reserve in such amount as the board may
determine, which may be used to meet such general obligations and any other
obligations payable from taxes of the district, for operation and maintenance
expenses and depreciation charges, and for defraying the cost of any project of the
district.
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Legislative History
Source: L. 69: p. 758, � 28. C.R.S. 1963: � 89-21-28.
Nearby Sections
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§ 32-1-1001
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Short title§ 32-1-102
Legislative declaration§ 32-1-103
Definitions§ 32-1-104.8
Information statement regarding taxes and debt§ 32-1-106
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Early hearings