C.R.S. Section 22-30-126
Limit of bonded indebtedness

  • new school district

(1)

Any new school district organized under this article shall have a limit of bonded indebtedness of the greater of the following:

(a)

Twenty percent of the latest valuation for assessment of the taxable property in such school district, as certified by the county assessor to the board of county commissioners; or

(b)

Six percent of the most recent determination of the actual value of the taxable property in the school district, as certified by the county assessor to the board of county commissioners.

(2)

The indebtedness of the old school districts or parts of school districts constituting the new school districts shall not be considered in fixing the limit of bonded indebtedness; but, if any new school district shall assume the bonded indebtedness of any school district or school districts, or a proportionate share thereof, existing at the time of inclusion in the new school district, pursuant to the provisions of section 22-30-125, such bonded indebtedness shall be included in the limitation.

Source: Section 22-30-126 — Limit of bonded indebtedness - new school district, 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

§ 22-30-126’s source at colorado​.gov