Colorado Statutes
§ 32-7-119 — Levies to cover deficiencies
Colorado § 32-7-119
This text of Colorado § 32-7-119 (Levies to cover deficiencies) 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. § 32-7-119 (2026).
Text
The board, in certifying annual levies,
shall take into account the maturing indebtedness for the ensuing year as provided
in its contract, maturing bonds and interest on bonds, and deficiencies and defaults
of prior years, and shall make ample provision for the payment thereof. In case the
moneys produced from such levies, together with other revenues of the service
authority, are not sufficient to pay punctually the annual installments on its
contracts or bonds, and interest thereon, and to pay defaults and deficiencies, the
board shall make such additional levies of taxes as may be necessary for such
purposes, and such taxes shall continue to be levied until the indebtedness of the
service authority is fully paid.
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Legislative History
Source: L. 72: p. 468, � 1. C.R.S. 1963: � 89-25-19.
Nearby Sections
15
§ 32-1-1001
Common powers - definitions§ 32-1-1003
Health service districts - additional powers§ 32-1-1009
Regional tourism projects§ 32-1-101
Short title§ 32-1-102
Legislative declaration§ 32-1-103
Definitions§ 32-1-104.8
Information statement regarding taxes and debt§ 32-1-106
Repetitioning of elections - time limits§ 32-1-107
Service area of special districts§ 32-1-108
Correction of faulty notices§ 32-1-109
Early hearingsCite This Page — Counsel Stack
Bluebook (online)
Colorado § 32-7-119, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/32/32-7-119.