C.R.S. Section 22-30-125
Election on assuming the existing bonded indebtedness

(1)

The committee may submit the issue of assuming the bonded indebtedness of any school district, or of any portion thereof, existing at the time of inclusion in the proposed new school district or proposed to be included in a detachment and annexation to the eligible electors of such new or annexing school district. If the committee so decides, the question shall be submitted at the special school district organization election.

(2)

Intentionally left blank —Ed.

(a)

The election shall be held pursuant to the provisions of section 22-30-104. The outstanding bonded indebtedness incurred by more than one school district, or the proportionate shares thereof, may be assumed simultaneously by a new school district under the provisions of this section through the submission of a single ballot, but voting on separate amounts or alternative voting on one ballot shall be prohibited.

(b)

If one or more whole school districts have been included in a new school district, the ballot shall contain a statement of the amount or amounts of outstanding bonded indebtedness proposed to be assumed by the new school district.

(c)

If only a portion of the territory of an old school district has been included in a new school district, the ballot shall contain a statement of the proportionate share of the outstanding bonded indebtedness incurred by said old school district to be assumed by the new school district as set forth in the plan of organization.

(d)

If printed ballots are used, the ballot shall be printed or typewritten and shall contain the words “official ballot”, below which shall be set forth the amount of outstanding bonded indebtedness to be assumed, or that a proportional share of such amount is proposed to be assumed, as the case may be, by the new or annexing school district, the name and number of each old school district that incurred said bonded indebtedness, and, if the ballot contains more than one amount to be assumed, the total of such amounts.

(3)

If a majority of the eligible electors voting on the proposed question vote for the assumption of the bonded indebtedness, the public officials shall perform the duties set forth in sections 22-42-117 to 22-42-121 that are necessary to assure that the assumed bonded indebtedness is paid in the manner provided by law for the paying of any bonded indebtedness that the new or annexing school district contracts.

Source: Section 22-30-125 — Election on assuming the existing bonded indebtedness, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-22.­pdf (accessed Oct. 20, 2023).

22‑30‑101
Short title 22‑30‑102
Legislative declaration 22‑30‑103
Definitions 22‑30‑104
Conduct of elections 22‑30‑105
Activation of the school district organization planning process 22‑30‑106
School organization planning committee 22‑30‑107
Duties of the committee 22‑30‑107.5
Duties of affected school districts 22‑30‑108
Vacancies 22‑30‑109
Meetings - notice 22‑30‑110
Names certified to commissioner 22‑30‑111
Compensation - expenses 22‑30‑112
Department consultants 22‑30‑113
Duties of the attorney general 22‑30‑114
Requirements for plan of organization 22‑30‑115
Hearing on a plan of organization 22‑30‑116
Approval of the plan and submission to the commissioner 22‑30‑117
Special school district organization election scheduled 22‑30‑118
Meeting to explain final approved plan 22‑30‑119
Certificate of return - map 22‑30‑120
New school district - powers 22‑30‑120.5
Effective date for purposes of school finance 22‑30‑121
Rejection of final approved plan 22‑30‑121.5
New school district - election concerning financial matters 22‑30‑122
Election of school directors in new school districts 22‑30‑123
Status of old school district - assets 22‑30‑124
Existing bonded indebtedness 22‑30‑125
Election on assuming the existing bonded indebtedness 22‑30‑125.5
Authorization of new bonded indebtedness or assumption of existing bonded indebtedness 22‑30‑126
Limit of bonded indebtedness - new school district 22‑30‑127
New school district - bonded indebtedness 22‑30‑128
Detachment and annexation of territory - exemptions from school district organization planning process 22‑30‑129
Dissolution and annexation - exemptions from the school district organization planning process 22‑30‑201
Joint taxation districts - authorized 22‑30‑202
Joint taxation board
Green check means up to date. Up to date

Current through Fall 2024

§ 22-30-125’s source at colorado​.gov