Colorado § 32-9-121 Levies to cover deficiencies

Colorado Statutes

§ 32-9-121 — Levies to cover deficiencies

Colorado § 32-9-121

Title 32Special

Art.Regional Transportation District Act

This text of Colorado § 32-9-121 (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. § 32-9-121 (2026).

Text

In the event that the sum produced
from general ad valorem property tax levies totaling less than the maximum levy
authorized by section 32-9-120 (1), together with any unencumbered revenues and
moneys of the district, are insufficient to pay, when due, installments on contracts
and securities of the district and interest thereon and to pay defaults and
deficiencies, the board shall make such additional levies of taxes as may be
necessary, subject to the provisions and limitations of section 32-9-120 (1), until
such contracts and securities and interest thereon are fully paid. In no case shall
the mill levy exceed one-half mill. No levies shall be made pursuant to this section
to pay any amount of special obligations of the district payable solely from sales
taxes and the revenue

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In the event that the sum produced
from general ad valorem property tax levies totaling less than the maximum levy
authorized by section 32-9-120 (1), together with any unencumbered revenues and
moneys of the district, are insufficient to pay, when due, installments on contracts
and securities of the district and interest thereon and to pay defaults and
deficiencies, the board shall make such additional levies of taxes as may be
necessary, subject to the provisions and limitations of section 32-9-120 (1), until
such contracts and securities and interest thereon are fully paid. In no case shall
the mill levy exceed one-half mill. No levies shall be made pursuant to this section
to pay any amount of special obligations of the district payable solely from sales
taxes and the revenues, or a combination thereof, of the district.

Legislative History

Source: L. 69: p. 720, � 1. C.R.S. 1963: � 89-20-20. L. 73: p. 992, � 4. L. 80: Entire section amended, p. 683, � 6, effective May 1. L. 81: Entire section amended, p. 1646, � 5, effective June 8. L. 82: Entire section amended, p. 500, � 5, effective April 15. L. 2000: Entire section amended, p. 308, � 4, effective April 5.