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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. So…
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 …