Colorado § 37-48-195 Costs - board of managers to concur

Colorado Statutes

§ 37-48-195 — Costs - board of managers to concur

Colorado·Title 37 Water and·Art. Rio Grande Water Conservation District

(1)To the extent that the costs of the proceedings for the issuance of revenue bonds are not paid by the proceeds of the bonds, they shall be budgeted and paid out of the subdistrict preliminary fund, or from funds derived from subdistrict revenues, or from the separate subdistrict mill levy.

(2)If there is a board of managers for the subdistrict, the district shall not exercise its authority to issue revenue bonds until requested by the board of managers to do so, but the board of directors of the district may, at the request of the board of managers, make the necessary determinations and conduct the necessary proceedings to authorize the issuance of such bonds prior to receipt of the request for the issuance thereof.

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(1) To the extent that the
costs of the proceedings for the issuance of revenue bonds are not paid by the
proceeds of the bonds, they shall be budgeted and paid out of the subdistrict
preliminary fund, or from funds derived from subdistrict revenues, or from the
separate subdistrict mill levy.

(2) If there is a board of managers for the subdistrict, the district shall not
exercise its authority to issue revenue bonds until requested by the board of
managers to do so, but the board of directors of the district may, at the request of
the board of managers, make the necessary determinations and conduct the
necessary proceedings to authorize the issuance of such bonds prior to receipt of
the request for the issuance thereof.

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