C.R.S. Section 23-71-519
Bond fund

  • payment and redemption

(1)

Such taxes shall be collected in the same manner as district taxes and when collected shall be placed by the county treasurer in the bond redemption fund of said district. The moneys in said fund shall be used only for payment of interest upon and for the redemption of such bonds, upon orders signed and countersigned in the manner provided by law for the execution of other district orders; but the board of trustees of said district may withdraw any or all of such moneys credited to said fund which are temporarily not needed to satisfy the obligations of bonded indebtedness, for the purpose of depositing or investing such moneys in the manner prescribed by law.

(2)

Redemption of said bonds prior to the respective maturities thereof may be made in either direct or inverse numerical order as determined by the board of trustees in the resolution authorizing the issuance of said bonds and set forth on the face of said bonds. Notice of the redemption of said bonds, prior to maturity, shall be made in the manner prescribed in said bond resolution. In the absence of such prescribed manner in the bond resolution, a redemption prior to maturity shall be made in the following manner: When authorized by the board of trustees, the treasurer of said board shall advertise in some newspaper published in the district once a week for two consecutive weeks that on a certain day, named in said advertisement, not less than four weeks after the time of the first publication thereof, he will redeem certain of said bonds therein described by number, amount, and date of issue thereof and that the principal, interest to redemption date, and redemption premium, if any, of said bonds will be paid in accordance with the bond resolution authorizing such bonds. The notice shall indicate also that, after the day so fixed for redemption, the interest on the bonds shall cease. After the day of redemption so fixed in said notice the bonds so advertised and called to be redeemed shall cease to draw interest.

(3)

If the bonds are made payable at the office of the county treasurer, any redemption of such bonds shall also be made at the office of the county treasurer of the county, who shall make a notation of such payment or redemption upon his books.

(4)

If the bonds are made payable at some place other than the office of the county treasurer, such bonds shall be redeemable at the place where payable, and the treasurer of the board of trustees shall, immediately after the payment or redemption, inform the county treasurer that certain bonds, describing them by number, amount, and date of issue, have been paid or redeemed and canceled, and said county treasurer shall make a record of such payment or redemption upon his books.

(5)

In all cases bonds when paid or redeemed shall be canceled by the treasurer of the board of trustees and preserved by him and his successors for a period of one year after the date of their payment or redemption.

Source: Section 23-71-519 — Bond fund - payment and redemption, 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

§ 23-71-519’s source at colorado​.gov