Colorado § 37-43-136 Levy of tax - collection

Colorado Statutes

§ 37-43-136 — Levy of tax - collection

Colorado·Title 37 Water and·Art. Irrigation Districts of 1905 and 1921

For the purpose of paying such bonds
and the interest thereon, the board of directors of any district issuing bonds under
this article is authorized to levy ad valorem taxes on all taxable land within the
district. Such taxes shall be certified, extended, and collected at the same time and
in the same manner as other irrigation district taxes or assessments, and the
revenue laws of the state of Colorado relating to the levy, collection, and
enforcement of general taxes, the sale of property for the nonpayment of general
taxes, and the rights of redemption shall apply, as nearly as may be, to such
irrigation district taxes. The lien of irrigation district taxes levied pursuant to the
provisions of sections 37-43-132 to 37-43-138 shall be on a parity with the lien of
general taxes,

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For the purpose of paying such bonds
and the interest thereon, the board of directors of any district issuing bonds under
this article is authorized to levy ad valorem taxes on all taxable land within the
district. Such taxes shall be certified, extended, and collected at the same time and
in the same manner as other irrigation district taxes or assessments, and the
revenue laws of the state of Colorado relating to the levy, collection, and
enforcement of general taxes, the sale of property for the nonpayment of general
taxes, and the rights of redemption shall apply, as nearly as may be, to such
irrigation district taxes. The lien of irrigation district taxes levied pursuant to the
provisions of sections 37-43-132 to 37-43-138 shall be on a parity with the lien of
general taxes, and no sale of land for the nonpayment of general taxes shall
extinguish the lien of irrigation district taxes levied to pay the principal of or the
interest on any bonds issued under this part 1. In the event that the amount of taxes
collected in any year is not sufficient to pay the principal of or interest on bonds
due and payable in such year, the deficit shall be made up in the next annual levy.

Colorado § 37-43-136 (Levy of tax - collection) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 33-34, 2nd Ex. Sess.: p. 60, � 5. CSA: C. 90, � 516. CRS 53: � 149-3-35. C.R.S. 1963: � 150-3-35. L. 88: Entire section amended, p. 1231, � 5, effective April 6.