Colorado § 43-2-216 Warrants - sale - duration - interest

Colorado Statutes

§ 43-2-216 — Warrants - sale - duration - interest

Colorado § 43-2-216

Title 43Transportation

Art.State, County, and Municipal Highways

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Bluebook

Colo. Rev. Stat. § 43-2-216 (2026).

Text

When the board of county
commissioners of such county has determined and approved, by resolution of the
board, any highway project for the construction, repair, or improvement of highways
within its territorial limits, either by the county itself or with the department of
transportation of the state of Colorado and with or without federal aid so as to
determine the cost thereof or the share of such cost to such county to be approved
by such county, it may by resolution authorize the issuance of anticipation warrants
in such amount as may be necessary to raise funds sufficient to defray costs of the
same, said warrants thereupon to be delivered to the county treasurer and by him
offered for public sale at not less than par. The aggregate of such warrants
outstanding shall not exce

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When the board of county
commissioners of such county has determined and approved, by resolution of the
board, any highway project for the construction, repair, or improvement of highways
within its territorial limits, either by the county itself or with the department of
transportation of the state of Colorado and with or without federal aid so as to
determine the cost thereof or the share of such cost to such county to be approved
by such county, it may by resolution authorize the issuance of anticipation warrants
in such amount as may be necessary to raise funds sufficient to defray costs of the
same, said warrants thereupon to be delivered to the county treasurer and by him
offered for public sale at not less than par. The aggregate of such warrants
outstanding shall not exceed ten percent of the valuation for assessment of all
property of said county as of the date of issuance thereof. No warrants shall run for
a period longer than ten years before retirement nor bear a rate of interest in
excess of four percent.

Legislative History

Source: L. 47: p. 750, � 4. CSA: C. 143, � 159. CRS 53: � 120-1-20. C.R.S. 1963: � 120-1-16. L. 91: Entire section amended, p. 1111, � 157, effective July 1.