C.R.S. Section 24-90-516
Governing body can issue bonds

  • form

To carry out the purposes of this part 5, the governing body is hereby authorized to issue bonds of the library district or facilities district for the purpose of financing the acquisition, construction, installation, operation, or maintenance of library capital facilities within the facilities district. The bonds shall bear interest at a rate such that the net effective interest rate of the issue of bonds does not exceed the maximum net effective interest rate authorized, payable at such times as determined by the governing body, and shall be due and payable in installments at such times as determined by the governing body extending not more than thirty years from the date of issuance. The form and terms of the bonds, including provisions for their sale, payment, and redemption, shall be determined by the governing body. If the bonds are payable from the general ad valorem taxes levied on property located within the facilities district, the bonds shall not be issued unless first approved at an election held for that purpose pursuant to section 24-90-507 (3). If the governing body so determines, bonds issued pursuant to this section may be redeemable prior to maturity, with or without payment of a premium, but no premium shall exceed three percent of the principal thereof. The bonds shall be executed in the name of the library district or the facilities district and signed by the presiding officer of the governing body with the seal of the library district or facilities district affixed thereto and attested by the secretary of the governing body. The bonds shall be in such denominations as the governing body shall determine. Under no circumstances shall any of the bonds be held to be an indebtedness, obligation, or liability of the municipalities or counties in which the area is located, and bonds issued pursuant to the provisions of this part 5 shall contain a statement to that effect.

Source: Section 24-90-516 — Governing body can issue bonds - form, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24‑90‑101
Short title
24‑90‑102
Legislative declaration
24‑90‑103
Definitions
24‑90‑103.5
Acts and elections conducted pursuant to provisions that refer to qualified electors or registered electors
24‑90‑104
State library created - administration
24‑90‑105
Powers and duties of state librarian
24‑90‑105.5
Radio reading services
24‑90‑106
Participation of existing libraries in the formation of new libraries
24‑90‑106.3
Inclusion of a governmental unit into an existing library district - procedure
24‑90‑106.5
Establishment or removal of a municipal library in an existing county library or library district
24‑90‑107
Method of establishment
24‑90‑108
Board of trustees of public libraries
24‑90‑109
Powers and duties of board of trustees
24‑90‑110.7
Regional library authorities
24‑90‑112
Tax support - elections
24‑90‑112.5
Issuance of bonds
24‑90‑113.3
Contract to receive library service
24‑90‑114
Abolishment of libraries
24‑90‑115
Regional library service system - governing board
24‑90‑116
Existing libraries to comply
24‑90‑118
Colorado libraries automated catalog project
24‑90‑119
Privacy of user records
24‑90‑120
Colorado imagination library program - creation - request for proposal - state librarian duties - report - legislative declaration - definitions
24‑90‑121
Public libraries - science of reading - training - report - definitions
24‑90‑201
Establishment of a state publications depository and distribution center
24‑90‑202
Definitions
24‑90‑203
Purposes - direction - rules
24‑90‑204
Deposits of state publications
24‑90‑205
Permanent public access to state publications
24‑90‑206
Depository library agreements - requirements
24‑90‑207
Online catalog of state publications
24‑90‑208
State publications distribution
24‑90‑301
Legislative declaration
24‑90‑302
Colorado virtual library - creation - components - access
24‑90‑401
Short title
24‑90‑402
Legislative declaration
24‑90‑403
Definitions
24‑90‑404
Qualifications
24‑90‑405
Administration of the grants program - powers and duties of the state librarian
24‑90‑406
Reporting
24‑90‑407
State grants to publicly supported libraries fund - creation - source of funds - appropriations - administrative costs
24‑90‑408
Additional sources of funding
24‑90‑501
Short title
24‑90‑502
Legislative declaration
24‑90‑503
Definitions
24‑90‑504
Authority of governing body
24‑90‑505
Organization - preliminary resolution
24‑90‑506
Notice of hearing - disqualification of member of governing body
24‑90‑507
Hearing - resolution - when action barred
24‑90‑508
Recording of resolution establishing area
24‑90‑509
Governing body - meetings
24‑90‑510
General powers of facilities district
24‑90‑511
Power to levy taxes
24‑90‑512
Determining and fixing rate of levy
24‑90‑513
Levies to cover deficiencies
24‑90‑514
County officers to levy and collect taxes - lien
24‑90‑515
Property sold for taxes
24‑90‑516
Governing body can issue bonds - form
24‑90‑517
Dissolution procedures
24‑90‑518
Exemption from taxation - securities laws
24‑90‑519
Limitation of actions
24‑90‑601
Legislative declaration
24‑90‑602
Definitions
24‑90‑603
Adoption and enforcement of policy of internet safety for minors including technology protection measures - public libraries
24‑90‑604
Temporary disabling of technology protection measure
24‑90‑605
No restrictions on blocking access to the internet of other material
24‑90‑606
No requirement of additional action for public libraries already in compliance - no additional action in special circumstances
Green check means up to date. Up to date

Current through Fall 2024

§ 24-90-516’s source at colorado​.gov