Title 31, Government - Municipal
0 chapters · 923 sections in this title.
Colo. Rev. Stat. § 31-21-101 Definitions
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As used in this part 1, unless the context otherwise requires: (1) Floating indebtedness means all obligations of the municipality to pay money, of whatever kind or character, except indebtedness evidenced by outstanding negotiable interest-bearing bonds of the municipality. Sour…
Colo. Rev. Stat. § 31-21-102 Funding bonds - determination of indebtedness
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The governing body of any municipality may issue negotiable coupon bonds, to be denominated funding bonds, for the purpose of funding any of the legal floating indebtedness of such municipality existing at any time. The specific indebtedness to be funded and the amount of such fu…
Colo. Rev. Stat. § 31-21-103 Bond election - judgments
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(1) Whenever such governing body deems it expedient to issue funding bonds under the provisions of this part 1, it shall direct, by ordinance, that the question be submitted at a regular election in the manner provided for authorization of other bonded indebtedness in section 31-…
Colo. Rev. Stat. § 31-21-104 Ordinance - form and maturity of bonds
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(1) If the governing body determines to issue funding bonds for the purpose of paying and discharging any valid and subsisting judgment against the municipality or if, upon canvassing the vote cast at any election held under the provisions of this part 1, it is determined by the …
Colo. Rev. Stat. § 31-21-105 Disposition of bonds
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All such funding bonds may be exchanged, dollar for dollar, in satisfaction of the indebtedness to be funded, or they may be sold at not less than their par value, as directed by the governing body, and the proceeds thereof shall be applied only to the purpose for which such fund…
Colo. Rev. Stat. § 31-21-106 Taxes for interest and redemption
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The interest accruing on such funding bonds issued pursuant to the provisions of this part 1 prior to the time when tax levies are available therefor shall be paid out of the general revenues of the municipality. For the purpose of reimbursing such general revenues and for the pa…
Colo. Rev. Stat. § 31-21-107 Ordinance irrepealable
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Any ordinance authorizing an issue of funding bonds under the provisions of this part 1 and providing for the levy of taxes for the payment of the interest upon the principal of such funding bonds shall not be altered or repealed until the indebtedness thereby authorized has been…
Colo. Rev. Stat. § 31-21-201 Definitions
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As used in this part 2, unless the context otherwise requires: (1) Net effective interest rate of a proposed issue of refunding bonds means the net interest cost of said refunding issue divided by the sum of the products derived by multiplying the principal amount of such refundi…
Colo. Rev. Stat. § 31-21-202 Refunding bonds - amount
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The governing body of any municipality may issue negotiable coupon bonds, to be denominated refunding bonds, for the purpose of refunding any of the bonded indebtedness of such municipality, whether due or not or which is payable at the option of such municipality, by consent of …
Colo. Rev. Stat. § 31-21-203 Vote of electors not required
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Whenever such governing body deems it expedient to issue refunding bonds under the provisions of this part 2 and the net interest cost and the net effective interest rate of the proposed issue of refunding bonds does not exceed the net interest cost and net effective interest rat…
Colo. Rev. Stat. § 31-21-204 Vote of electors required - procedures
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(1) When such governing body deems it expedient to issue refunding bonds under the provisions of this part 2 and either the net interest cost or the net effective interest rate of the proposed issue of refunding bonds exceeds the net interest cost or the net effective interest ra…
Colo. Rev. Stat. § 31-21-205 Ordinance for bond issue - bonds
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(1) If the governing body determines to issue refunding bonds without an election by meeting the requirements set forth in sections 31-21-202 to 31-21-204 or if, upon canvassing the vote cast at any election held under the provisions of this part 2, it is determined by the govern…
Colo. Rev. Stat. § 31-21-206 Exchange - sale - proceeds - amounts
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Such refunding bonds may be exchanged dollar for dollar for the bonds to be refunded, or they may be sold at, above, or below their par value at a price such that the net effective interest rate of the issue of refunding bonds does not exceed the maximum net effective interest ra…
Colo. Rev. Stat. § 31-21-207 Tax for payment of refunding bonds
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The interest accruing on such refunding bonds issued pursuant to the provisions of this part 2 prior to the time when the proceeds of tax levies are available therefor shall be paid out of the general revenues or any other revenues of the municipality available therefor. For the …
Colo. Rev. Stat. § 31-21-208 Ordinance not to be altered
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Any ordinance authorizing an issue of refunding bonds under the provisions of this part 2 and providing for the levy of taxes for the payment of the interest upon and the principal of such refunding bonds shall not be altered or repealed until the indebtedness thereby authorized …
Colo. Rev. Stat. § 31-21-210 Combined issues - procedures
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Any refunding bonds may be issued to refund one or more issues of outstanding bonds of a municipality, but no two or more issues of outstanding bonds may be refunded by a single issue of refunding bonds unless the taxable property upon which tax levies are being made for payment …
Colo. Rev. Stat. § 31-21-212 Registration of refunding bonds
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Whenever any municipality issues refunding bonds under the provisions of this part 2, the governing body shall direct that the clerk of said municipality, as a part of said clerk's duties, register said bonds in a book to be kept by him for that purpose, and, when so registered, …
Colo. Rev. Stat. § 31-21-213 Redemption of refunding bonds prior to maturity - procedures
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(1) If any bonds of a municipality, either bonds issued for refunding purposes or bonds issued for other purposes as set forth in section 31-15-302 (1)(d), are made redeemable prior to their respective maturities and the governing body determines that any part of such bonds shoul…
Colo. Rev. Stat. § 31-21-301 Power to issue bonds - purpose
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Subject to the provisions of this part 3, any municipality has the power to issue its negotiable coupon bonds for the purpose of paying any special assessment bonds or obligations which it may issue, together with interest thereon, when it appears that there is not or will not be…
Colo. Rev. Stat. § 31-21-302 Ordinance - taxes - interest - disposition
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The issuance of any bonds in accordance with this part 3 shall be authorized by an ordinance, subject to and otherwise in accordance with the provisions of section 31-15-302 (1)(d). Such bonds shall bear interest at a rate and shall be exchanged or sold at a price such that the n…
Colo. Rev. Stat. § 31-21-303 Construction - disposition of delinquent assessment
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Nothing in this part 3 shall release or discharge any special assessment which is a lien on or against any property. Any municipality issuing bonds under this part 3 shall be subrogated to the rights of the holders or owners of the outstanding special assessment bonds or obligati…
Colo. Rev. Stat. § 31-21-401 Power to levy - manner paid
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On the petition of a majority of the registered electors of any city or town having an outstanding bonded indebtedness amounting to one-fourth or more of its valuation for assessment, the governing body of such city or town is authorized to levy or cause to be levied at one time …
Colo. Rev. Stat. § 31-21-402 Discharge of lien by property owner
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Any property owner may discharge the lien of said bond tax on his property by paying the tax in full, in bonds or matured coupons of the issue for which the levy is made at their face value. Thereafter the same property shall not be liable for the payment of such tax as between t…
Colo. Rev. Stat. § 31-21-403 Payment in installments
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Any property owner not paying the tax in full at one time has the privilege of paying the same in cash installments, the number of which installments shall be determined by the governing body and which shall equal the number of years from the time the next tax is payable to the l…
Colo. Rev. Stat. § 31-21-404 Payment in bonds - warrant for excess
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(1) The tax-collecting officers are authorized to accept full payment of such taxes in said bonds or coupons and to cancel said bonds and coupons on such payment. Said tax-collecting officers are authorized to deliver to the person paying such tax a certificate, in duplicate, sho…
Colo. Rev. Stat. § 31-21-405 Assessment and collection
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Said taxes shall be certified, levied, assessed, and collected in the same manner and shall be subject to the same penalties as general taxes. Source: L. 75: Entire title R&RE, p. 1143, � 1, effective July 1. Editor's note: This section is similar to former � 31-21-405 as it exis…
Colo. Rev. Stat. § 31-21-406 Suit by bondholder - city or town to protect
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In the event that any action, suit, or proceeding is brought by any bondholder, creditor, or other person, wherein it is sought to compel the levy of any further bond tax on property which has been discharged from said tax by payment in full, the city or town shall take all neces…
Colo. Rev. Stat. § 31-21-407 Other laws unaffected
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Nothing in this part 4 shall prevent the issuance of any bonds or the levy of taxes for the payment thereof in the manner as is authorized by law nor shall anything in this part 4 prevent the issuance of bonds for the purpose of refunding any outstanding bonded indebtedness of an…