Colorado Statutes
§ 37-26-114 — Money applied proportionately - when
In the event there shall
not be sufficient funds to the credit of a district for the payment in full of an
installment of principal or interest when due, the district treasurer shall apply the
money in the respective funds in proportionate payments on all bonds or coupons
then due, endorsing on the bonds or coupons a notation showing the payments
made. After respective maturities, the district treasurer shall make disbursements
whenever he has sufficient funds to pay five percent of the total principal or
twenty-five percent of the total interest due at maturity.
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Legislative History
Source: L. 33: p. 460, � 11. CSA: C. 57, � 108. CRS 53: � 47-7-14. C.R.S. 1963: � 47-7-14.
Nearby Sections
15
§ 37-1-101
Short title§ 37-1-102
Definitions§ 37-1-103
Liberal construction§ 37-1-104
Removal of officials for cause§ 37-1-105
Remedy by mandamus§ 37-1-106
Early hearings§ 37-1-107
Correction of faulty notices§ 37-1-108
Short forms and abbreviations§ 37-1-109
Repeal - saving clause§ 37-2-102
Petition§ 37-2-103
Bond of petitioners§ 37-2-104
Notice of hearing on petition§ 37-20-101
Legislative declaration