§ 37-21-113.5 — Sale of district property

Colorado § 37-21-113.5

• Jurisdiction: Colorado
• Title 37: Water and
• Art.: Directors - Duties - Elections

Text

The board of directors of such
drainage district has the power to sell and transfer by proper conveyance any real
estate or personal property belonging to the district when, in the opinion of the
board, such property is no longer needed by such district; except that no parcel of
real estate with a fair market value of more than twenty-five thousand dollars shall
be sold or transferred unless the question of the proposed sale or transfer is
submitted to the qualified voters of the district at an election held thereon and is
approved by a majority of the qualified voters of the district voting at such election.
Such election shall be held in the same manner as an election for dissolution of the
district pursuant to the provisions of article 29 of this title insofar as such
provisions are practicable.

Legislative History

Source: L. 83: Entire section added, p. 1385, � 1, effective March 22.