C.R.S. Section 30-26-511
Agreement of counties

(1)

Any county is authorized to enter into agreements with the state or any of its agencies or departments, any of its political subdivisions, any agency or department of the United States, or any person with respect to any project in order to facilitate the financing, acquisition, and construction of such project and to promote the purposes of this part 5. Such agreements may be for a term covering the life of a project, for any other term, or for any indefinite period. Pursuant to any such agreement, counties or persons may obligate themselves to make payments in amounts which shall be sufficient to enable such counties or persons to pay their expenses and the interest and principal payments (whether at maturity or upon sinking fund redemption) for any bonds issued pursuant to this part 5, to maintain reasonable reserves for debt service, operation and maintenance, and renewals and replacements, and to meet the requirements of any rate covenant with respect to debt service coverage contained in any resolution, trust indenture, or other security instrument.

(2)

The obligations of a governmental agency or persons under an agreement with the county or arising out of the default by any other purchaser with respect to such an agreement shall not be construed to constitute debt of the governmental agency or persons. To the extent provided in agreements with the county, such obligations shall constitute special obligations of the governmental agency or persons and shall be payable solely from the revenues and other moneys derived by the governmental agency or persons.

Source: Section 30-26-511 — Agreement of counties, 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

§ 30-26-511’s source at colorado​.gov