C.R.S. Section 30-26-405
Interest

  • how paid
  • redemption fund
The interest accruing on such refunding bonds issued pursuant to the provisions of this part 4 prior to the time when tax levies are available therefor shall be paid out of the general revenues of the county, and, for the purpose of reimbursing such general revenues and for the payment of subsequently accruing interest, the board of county commissioners issuing such refunding bonds or the proper tax-assessing and tax-collecting officers upon whom shall devolve the duty of levying and collecting county taxes shall levy annually a sufficient tax upon all the taxable property in the county fully to discharge such interest, and, for the ultimate redemption of such refunding bonds, they shall levy annually such a tax upon all the taxable property in such county as will create a fund sufficient to discharge each annual installment of such refunding bonds at the maturity thereof, which fund shall be called the redemption fund. All taxes for interest on and for the redemption of such bonds shall be paid in cash only and shall be kept by the county treasurer as a special fund to be used only in payment of the interest upon and for the redemption of such bonds, and such tax shall be levied and collected as other county taxes are levied and collected. The tax provisions for the ultimate redemption of such bonds shall be set forth in the resolution authorizing their issue and shall set forth the years in which such taxes shall be levied for the creation of said redemption fund.

Source: Section 30-26-405 — Interest - how paid - redemption fund, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-30.­pdf (accessed Oct. 20, 2023).

30‑26‑101
Exchange of warrants for bonds - notice 30‑26‑102
Election on bond issue - duties of judges 30‑26‑103
Officers to proceed as authorized after election 30‑26‑104
Bonds - how executed 30‑26‑105
Form of bonds - redemption fund 30‑26‑106
Redemption - order of payment - notice 30‑26‑201
Fund or refund liabilities 30‑26‑202
County shall assume payment of bonds 30‑26‑301
Creation of debt for buildings, roads - election - definitions 30‑26‑302
Bond issue - limitation - interest - redemption 30‑26‑303
Redemption - notice - interest - order of payment 30‑26‑304
Bonds - signed - attested - sealed - denomination - amount 30‑26‑305
Sale of bonds - rate - redemption - cancellation 30‑26‑401
Refunding bonds authorized 30‑26‑402
Issuance - no election 30‑26‑403
Resolution for issue - form of bonds - coupons - term 30‑26‑404
Disposition of bonds - outstanding canceled 30‑26‑405
Interest - how paid - redemption fund 30‑26‑406
No repeal or alteration of resolution 30‑26‑501
Short title 30‑26‑502
Legislative declaration 30‑26‑503
Definitions 30‑26‑504
Authority for establishment of county capital improvement trust funds 30‑26‑505
Bonds - issuance - terms 30‑26‑506
Pledge of revenues, funds, or other property lien 30‑26‑507
Personal liability 30‑26‑508
Bonds - exempt from taxation 30‑26‑509
Annual audit 30‑26‑510
Bonds - eligible for investment 30‑26‑511
Agreement of counties 30‑26‑512
Effect on inconsistent acts and rules and regulations 30‑26‑513
Construction of this part 5
Green check means up to date. Up to date

Current through Fall 2024

§ 30-26-405’s source at colorado​.gov