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

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).

Legislative History

Source: L. 69: p. 772, � 72. C.R.S. 1963: � 89-21-72.