Colorado § 32-11-530 Covenant to pay operation and maintenance expenses

Colorado Statutes

§ 32-11-530 — Covenant to pay operation and maintenance expenses

Colorado § 32-11-530

Title 32Special

Art.Urban Drainage and Flood Control Act

This text of Colorado § 32-11-530 (Covenant to pay operation and maintenance expenses) 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. § 32-11-530 (2026).

Text

Any
resolution authorizing the issuance of general obligation district securities payable
from gross revenues or any indenture or other proceedings pertaining thereto may
contain a covenant of the district that to the extent required, as provided therein,
the district will pay operation and maintenance expenses by appropriation from its
general fund and that to the extent the moneys accounted for therein are
insufficient for that purpose the district shall levy taxes therefor, subject to the
limitation pertaining to such expenses in section 32-11-217 (1)(d).

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Any
resolution authorizing the issuance of general obligation district securities payable
from gross revenues or any indenture or other proceedings pertaining thereto may
contain a covenant of the district that to the extent required, as provided therein,
the district will pay operation and maintenance expenses by appropriation from its
general fund and that to the extent the moneys accounted for therein are
insufficient for that purpose the district shall levy taxes therefor, subject to the
limitation pertaining to such expenses in section 32-11-217 (1)(d).