Colorado § 32-12-121 Anticipation warrants

Colorado Statutes

§ 32-12-121 — Anticipation warrants

Colorado § 32-12-121

Title 32Special

Art.Rail District Act

This text of Colorado § 32-12-121 (Anticipation warrants) 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. § 32-12-121 (2026).

Text

The board may defray any costs of the rail
district by the issuance of notes or warrants to evidence the amount due therefor, in
anticipation of taxes or revenues or both. Interest on such notes or warrants shall
be governed by the provisions of section 5-12-104, C.R.S. Notes and warrants may
mature at such time not exceeding one year from their date of issuance as the
board may determine. If such notes or warrants are not paid during the fiscal year in
which they are issued, the board shall, at the end of its fiscal year, budget the
amount necessary to pay in full the amount of notes and warrants outstanding and
due during the next fiscal year.

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The board may defray any costs of the rail
district by the issuance of notes or warrants to evidence the amount due therefor, in
anticipation of taxes or revenues or both. Interest on such notes or warrants shall
be governed by the provisions of section 5-12-104, C.R.S. Notes and warrants may
mature at such time not exceeding one year from their date of issuance as the
board may determine. If such notes or warrants are not paid during the fiscal year in
which they are issued, the board shall, at the end of its fiscal year, budget the
amount necessary to pay in full the amount of notes and warrants outstanding and
due during the next fiscal year.