Colorado Statutes
§ 32-11-560 — Interim debenture details
(1)Any interim debentures may
mature at such time not exceeding a period of time equal to the estimated time
needed to effect the purpose for which they are issued or for which the bonds are
authorized to be issued, but not exceeding three years from the date or respective
dates of the interim debentures, as the board may determine.
(2)The proceeds of interim debentures shall be used to defray the cost of
the project.
(3)Any notes or warrants or both may be funded with the proceeds of
interim debentures, as well as bonds.
(4)Except as otherwise provided in sections 32-11-558 to 32-11-563, interim
debentures shall be issued as provided in this article for district securities in
sections 32-11-502 to 32-11-557 and 32-11-803 to 32-11-808.
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Legislative History
Source: L. 69: p. 781, � 102. C.R.S. 1963: � 89-21-102.
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