§ 37-23-112 — Levy for alternative plan

Colorado § 37-23-112

• Jurisdiction: Colorado
• Title 37: Water and
• Art.: Assessment for Benefits

Text

In case the board of directors adopts
the alternative method of assessment of benefits provided by sections 37-23-109
to 37-23-111, and after a tax has been levied upon the benefits so assessed for the
purpose of paying the costs of completion of the proposed plan for the drainage
system and carrying out the objects of the district, thereafter taxes may be levied
for the purposes of meeting the maintenance, operating, and ordinary expenses of
the district for the coming year and any deficiency in the payment of such expenses
already incurred, and such taxes shall be levied in the manner provided by sections
37-23-107 and 37-23-108, with the exception that the amounts of money to be
raised shall be apportioned among the several tracts assessed in proportion to the
benefits assessed thereon under section 37-23-111 and with the further exception
that the amount to be raised for the purposes of meeting the interest upon and the
principal of the bonds of the district as the same accrue, together with any
deficiencies in the payment of the same, shall be determined in the manner
provided by sections 37-23-109 to 37-23-111, and shall so appear in the assessment
roll provided by section 37-23-107.

Legislative History

Source: L. 23: p. 280, � 2. CSA: C. 57, � 64. CRS 53: � 47-4-12. C.R.S. 1963: � 47-4-12.