Colorado § 37-47-128 Limitations on power to levy and contract

Colorado Statutes

§ 37-47-128 — Limitations on power to levy and contract

Colorado·Title 37 Water and·Art. Southwestern Water Conservation District

(1)The district has no power of taxation or right to levy or assess taxes, except an annual levy, not exceeding six-tenths of a mill on each dollar of the valuation for assessment of property in said district, as provided in section 37-47-109. The district has no power to contract or incur any obligation or indebtedness except as expressly provided in this article, and then any obligation or indebtedness so contracted or incurred is to be payable out of the funds derived through said limited tax and not otherwise; except that said district for and in behalf of any subdistrict or improvement district created under this article has the right to issue obligations as expressly authorized in this article and not otherwise.

(2)Before July 1, 2024, all assessments under this article 4

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(1) The district has
no power of taxation or right to levy or assess taxes, except an annual levy, not
exceeding six-tenths of a mill on each dollar of the valuation for assessment of
property in said district, as provided in section 37-47-109. The district has no power
to contract or incur any obligation or indebtedness except as expressly provided in
this article, and then any obligation or indebtedness so contracted or incurred is to
be payable out of the funds derived through said limited tax and not otherwise;
except that said district for and in behalf of any subdistrict or improvement district
created under this article has the right to issue obligations as expressly authorized
in this article and not otherwise.

(2) Before July 1, 2024, all assessments under this article 47 shall be
collected by the county treasurer of the respective counties in which said real
estate is situated at the same time and in the same manner as is provided by law for
the collection of taxes for county and state purposes, and, if said assessments are
not paid, then the real estate shall be sold at the regular tax sale for the payment of
said assessments, interest, and penalties in the manner provided by the statutes of
the state of Colorado for selling property for the payment of general taxes. If there
are no bids at said tax sale for the property so offered, said property shall be struck
off to the district, and the tax certificates shall be issued in the name of the district,
and the board of directors has the same power with reference to the sale of said tax
certificates as is now vested in county commissioners and county treasurers when
property is struck off to the counties.

(3) Before July 1, 2024, tax deeds may be issued, based upon said
certificates of sale, in the same manner that deeds are executed on tax sales on
general state and county taxes.

(4) Notwithstanding any law to the contrary, on or after July 1, 2024, the
district, a subdistrict, or a county treasurer shall follow the procedures established
in article 11.5 of title 39 and shall not follow the procedures established in this
section or article 11 of title 39 concerning the sale or striking off of property to the
district or the issuance of a certificate of sale or tax deed. Notwithstanding any law
to the contrary, on or after July 1, 2024, a lot or parcel of land shall not be struck off
to the district and a tax certificate or tax deed shall not be issued pursuant to this
section or article 11 of title 39 to the extent such actions would be inconsistent with
the requirements of article 11.5 of title 39.

Colorado § 37-47-128 (Limitations on power to levy and contract) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 41: p. 887, � 27. CSA: C. 173B, � 82. CRS 53: � 149-9-27. C.R.S. 1963: � 150-8-27. L. 73: p. 1533, � 2. L. 2024: (2) and (3) amended and (4) added, (HB 24-1056), ch. 165, p. 809, � 22, effective July 1.