§ 32-9-128 — Incurrence of special obligations

The district may borrow money
in anticipation of the revenues and the sales tax proceeds of the district, but not the
proceeds of any general ad valorem property taxes, and issue special obligation
bonds to evidence the amount so borrowed. Any special obligation bonds or other
obligations payable in whole or in part from the sales tax proceeds of the district or
revenues of the district, or both, may be issued or incurred without an election, in
anticipation of such sales tax proceeds or revenues, or both.

Legislative History

Source: L. 69: p. 721, � 1. C.R.S. 1963: � 89-20-27. L. 70: p. 293, � 103. L. 73: 993, � 7. L. 82: Entire section amended, p. 501, � 6, effective April 15. L. 2000: Entire section amended, p. 308, � 5, effective April 5.