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Colo. Rev. Stat. § 37-5-101 Funds - definitions
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(1) The moneys of every conservancy district organized under articles 1 to 8 of this title shall consist of the following separate funds: (a) "Preliminary funds" means the proceeds of the level rate assessment authorized by section 37-5-102. (b) "Construction fund" means the proc…
Colo. Rev. Stat. § 37-5-102 Preliminary fund
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(1) As soon as any district has been organized under articles 1 to 8 of this title and a board of directors has been appointed and qualified, such board has the authority to fix the amount of an assessment upon the property within the district not to exceed one mill for every dol…
Colo. Rev. Stat. § 37-5-103 Power to borrow money for the preliminary fund
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In order to facilitate the preliminary work, the board of directors may borrow money at a net effective interest rate as determined by said board and, as evidence of the debt so contracted, may issue and sell or may issue to contractors or others negotiable evidences of debt, in …
Colo. Rev. Stat. § 37-5-104 Construction fund
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(1) After the list of property, with the appraised benefits as approved by the court or that part thereof from which no appeal is pending, has been filed with the secretary of the district, then from time to time, as the affairs of the district may demand, the board of directors …