Colorado § 32-14-126.5 Revenue sharing

Colorado Statutes

§ 32-14-126.5 — Revenue sharing

Colorado § 32-14-126.5

Title 32Special

Art.Denver Metropolitan Major League

This text of Colorado § 32-14-126.5 (Revenue sharing) 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. § 32-14-126.5 (2026).

Text

After all the principal, interest, and premium,
if any, of the special obligation bonds issued pursuant to this article are paid in full
and the levy and collection of sales tax revenues by the district is discontinued, but
prior to the repeal of this article, any funds collected by the district which are, in the
sole discretion of the board, deemed not to be necessary for the anticipated
expenses and reserves of the district shall be credited at least annually to the
general fund of each county, city and county, city, and town which is included, in
whole or in part, in the district based upon the proportion of the total amount of
sales tax revenues collected pursuant to section 32-14-114 within such county, city
and county, city, and town to the total amount of sales tax revenues

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After all the principal, interest, and premium,
if any, of the special obligation bonds issued pursuant to this article are paid in full
and the levy and collection of sales tax revenues by the district is discontinued, but
prior to the repeal of this article, any funds collected by the district which are, in the
sole discretion of the board, deemed not to be necessary for the anticipated
expenses and reserves of the district shall be credited at least annually to the
general fund of each county, city and county, city, and town which is included, in
whole or in part, in the district based upon the proportion of the total amount of
sales tax revenues collected pursuant to section 32-14-114 within such county, city
and county, city, and town to the total amount of sales tax revenues collected
pursuant to section 32-14-114 within the district. For purposes of this section, the
total amount of sales tax revenues collected within a county shall not include any
sales tax revenues collected in any city or town located within such county. In
addition, in computing said proportion, any sales tax revenues collected in any
county, city, or town which is not included, in whole or in part, within the
geographical boundaries of the district shall not be included in the total amount of
sales tax revenues collected within the district.