C.R.S. Section 23-71-402
Certification

  • tax revenues

(1)

In accordance with the schedule prescribed by section 39-5-128, C.R.S., the district shall certify to the board of county commissioners of the county wherein said district is located the separate amounts necessary, in the judgment of the board of trustees, to be raised from levies against the valuation for assessment of all taxable property located within the boundaries of said district for its general, bond redemption, and capital reserve funds to defray its expenditures therefrom during its next ensuing fiscal year.

(2)

If only a portion of a district is located within a county, the board of trustees of said district shall certify the separate amounts to the board of county commissioners of each county wherein a portion of said district is located. The board of county commissioners of each such county shall levy a tax upon the taxable property located within said portion of the district included in its county at a rate sufficient to produce a pro rata share of each separate amount certified, such pro rata share to be based on the ratio of the valuation for assessment of taxable property located within that portion of said school district located within said county to the total valuation for assessment of taxable property located in the entire district; except that the rate of tax levies for said district shall be the same throughout the territorial limits of said district except for a variation in the tax levy needed for the bond redemption fund of said district, which rate may vary because of changes in the boundaries of said district.

(3)

The levy for the capital reserve fund shall not exceed four mills in any year.

(4)

Intentionally left blank —Ed.

(a)

Whenever, after a reorganization, any district has within its boundaries any new territory, the board of trustees of the district shall certify to the board of county commissioners the amount required during the next ensuing fiscal year to satisfy such territory’s proportionate share of the obligations of the outstanding bonded indebtedness.

(b)

If, after reorganization of the district, there is any territory liable for the payment of bonded indebtedness, different either in amounts, dates of creation, or dates of interest or principal maturities, then, in certifying to the boards of county commissioners the statement of the amount necessary to be raised from levies pursuant to subsection (1) of this section, it is the duty of the board of trustees of such district to also certify to the board of county commissioners the territory which has bonded indebtedness outstanding, the legal description of the territory liable for the payment of such bonded indebtedness, or portion thereof, and the amount required during the ensuing fiscal year to meet payments of interest and principal falling due therein. A separate levy, sufficient to raise the amount so certified, shall be made against the valuation for assessment of all taxable property located within such territory. The proceeds of such levy shall be credited to the bond redemption fund of the district, but a separate account within such bond redemption fund shall be maintained to clearly reflect the amount raised from such separate levy.

Source: Section 23-71-402 — Certification - tax revenues, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-23.­pdf (accessed Oct. 20, 2023).

23‑71‑101
Short title
23‑71‑102
Definitions
23‑71‑102.5
Local district college - local college district - change in terms - authority of revisor
23‑71‑103
Districts organized - when
23‑71‑104
Petition of electors
23‑71‑105
Election to organize
23‑71‑107
Qualifications of voters - conduct of elections
23‑71‑109
Record of votes
23‑71‑110
Election of board - members and terms
23‑71‑111
Election of first board - new district
23‑71‑114
Candidates for board of trustees
23‑71‑118
Officers
23‑71‑119
Regular meetings
23‑71‑120
District - body corporate
23‑71‑120.5
Recall of board members
23‑71‑121
Vacancies
23‑71‑122
Local college district board of trustees - specific powers - rules - definitions
23‑71‑123
Duties of board of trustees - degrees
23‑71‑124
President - duties
23‑71‑125
Secretary - duties
23‑71‑126
Treasurer - duties
23‑71‑127
Credits accepted by state institutions
23‑71‑128
Additions to district - procedure
23‑71‑129
Dissolution of district
23‑71‑130
Bonds as legal investments
23‑71‑131
Local district colleges subject to section 29-1-302
23‑71‑133
Local district colleges - attorney general to advise - revenue for baccalaureate degree programs
23‑71‑134
Local district colleges - bachelor of applied science degree programs - approval
23‑71‑135
Local district colleges - high school diplomas - approval
23‑71‑201
Definitions
23‑71‑202
Joining state system - state support
23‑71‑203
Submission of plan for joining state system
23‑71‑204
Approval of plan - election
23‑71‑205
Withdrawal from state system
23‑71‑206
Northeastern junior college - approval of plan - date of entry into state system - continuation of mill levy
23‑71‑207
Colorado Northwestern community college - approval of plan - date of entry into system - continuation of mill levy
23‑71‑208
Colorado Northwestern community college - disposal of assets
23‑71‑301
Direct grants to local college districts - occupational courses
23‑71‑302
Distribution of grants
23‑71‑303
Distributions to area technical colleges
23‑71‑304
Area technical college grant program - established - report - definitions - repeal
23‑71‑401
Definitions
23‑71‑402
Certification - tax revenues
23‑71‑403
Change in needed tax revenues - unlawful
23‑71‑404
County treasurer - accounts - warrants
23‑71‑405
Depositories
23‑71‑406
Registered warrants by treasurer of the board of trustees
23‑71‑407
Short-term loans
23‑71‑501
Definitions
23‑71‑502
Bonded indebtedness - elections
23‑71‑503
Limitations on elections
23‑71‑504
Limit of bonded indebtedness
23‑71‑514
Board of trustees may issue bonds - exemption from Colorado income tax
23‑71‑515
Form of bonds
23‑71‑516
Sale at less than par - discount
23‑71‑517
Board of trustees to certify needed revenues
23‑71‑518
Tax levy to pay principal and interest
23‑71‑519
Bond fund - payment and redemption
23‑71‑520
Place of payment
23‑71‑521
Registration of bonds
23‑71‑522
Changes in boundaries - liability
23‑71‑523
Validation
23‑71‑524
Prior obligations not impaired
23‑71‑525
Public disclosure of terms of sale
23‑71‑526
Validation
23‑71‑527
Validation - effect - limitations
23‑71‑601
Definitions
23‑71‑602
Refunding bonds may be issued
23‑71‑603
Question of issuing refunding bonds
23‑71‑604
Authorization - form - interest
23‑71‑605
Sale - proceeds - amounts
23‑71‑606
Needed revenues - tax levy - miscellaneous
23‑71‑607
Application of bond proceeds - procedures - limitations
23‑71‑608
Reports
23‑71‑609
Validation
23‑71‑610
Prior obligations not impaired
23‑71‑701
Short title
23‑71‑702
Definitions
23‑71‑703
Power to issue securities
23‑71‑704
Interim securities
23‑71‑705
Terms of securities
23‑71‑706
Payable from special fund
23‑71‑707
Recital of regularity
23‑71‑708
Committee determination conclusive
23‑71‑709
No impairment of contract
23‑71‑710
Tax exemption
23‑71‑711
Construction
23‑71‑712
Liberal construction
23‑71‑713
Validation
Green check means up to date. Up to date

Current through Fall 2024

§ 23-71-402’s source at colorado​.gov