Colorado Statutes
§ 37-45-133 — Sinking fund
Whenever a contract of indebtedness has been
created by the district, it shall be lawful for the board to make the annual levy of
taxes and special assessments in such amount as will create a surplus of funds to
meet the annual installments of indebtedness or the payment of bonds and interest
and the necessary maintenance and operating charges, and the board shall cause
such surplus funds to be placed in a sinking fund which may be used for the
payments of contingencies, defaults, and delinquencies and to pay the future
annual installments of indebtedness on contract or bonds and interest.
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Legislative History
Source: L. 37: p. 1347, � 27. CSA: C. 173B, � 41. CRS 53: � 149-6-28. C.R.S.
1963: � 150-5-28.
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