C.R.S. Section 30-35-604
Ordinance

  • form and maturity of bonds

(1)

If the governing body determines to issue funding bonds for the purpose of paying and discharging any valid and subsisting judgment against the county or if, upon canvassing the vote cast at any election held under the provisions of this part 6, it is determined by the governing body that a majority of the legal votes cast upon the question submitted are in favor of funding, the governing body shall make such determination a part of the official records of the county, and the governing body shall immediately thereafter adopt an ordinance, which shall not be subject to the referendum provisions of any law, providing for the issue of said funding bonds in accordance with the provisions of this article. Such ordinance shall fix the date of said funding bonds; shall designate the denominations thereof, the rate of interest, the maturity date which shall not be more than twenty-five years from the date of said funding bonds, and the place of payment, within or without the state of Colorado, of both principal and interest; and shall prescribe the form of said funding bonds.

(2)

Such funding bonds shall be negotiable in form, shall recite the title of the act under which they are issued, shall be executed in the name of the county and signed by the executive officer, countersigned by the treasurer, and attested by the county clerk and recorder and shall have the seal of the county affixed thereto. The interest accruing on such funding bonds shall be evidenced by interest coupons thereto attached, bearing the engraved facsimile signature of the treasurer of the county. When so executed such coupons shall be the binding obligations of the county, according to their import. In the adoption of said ordinance providing for the issue of such funding bonds, the governing body shall make the principal of the debt payable in substantially equal annual installments during the period, not exceeding twenty-five years, within which the debt is to be discharged. The date of the maturity of the first installment of the debt shall be not more than five years from the date of said funding bonds.

Source: Section 30-35-604 — Ordinance - form and maturity of bonds, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-30.­pdf (accessed Oct. 20, 2023).

30‑35‑101
Short title 30‑35‑102
Legislative declaration 30‑35‑103
Home rule counties - general powers 30‑35‑201
Powers of governing bodies 30‑35‑202
Power to sell public works - sell or lease property 30‑35‑301
Duty to make and publish ordinances 30‑35‑401
Definitions 30‑35‑402
Adoption by reference - title 30‑35‑403
Notice - hearing 30‑35‑404
Adopting ordinance - adoption of penalty clauses by reference prohibited 30‑35‑405
Publication of ordinance 30‑35‑406
Filing of public record - sale of copies 30‑35‑407
Amendments 30‑35‑408
Use as evidence 30‑35‑501
Review without bond 30‑35‑601
Funding bonds - determination of indebtedness 30‑35‑602
Floating indebtedness defined 30‑35‑603
Bond election - judgments 30‑35‑604
Ordinance - form and maturity of bonds 30‑35‑605
Disposition of bonds 30‑35‑606
Taxes for interest and redemption 30‑35‑607
Ordinance irrepealable 30‑35‑701
Refunding bonds - amount 30‑35‑702
Vote of electors - when not required 30‑35‑703
Vote of electors - when required - procedures 30‑35‑704
Ordinance for bond issue - bonds 30‑35‑705
Exchange - sale - proceeds - amounts 30‑35‑706
Tax for payment of refunding bonds 30‑35‑707
Ordinance not to be altered 30‑35‑708
Combined issues - procedures 30‑35‑709
Application of refunding bond proceeds - procedures - limitations 30‑35‑710
Registration of refunding bonds 30‑35‑711
Redemption of refunding bonds prior to maturity - procedures 30‑35‑712
“Net interest cost” - “net effective interest rate” 30‑35‑801
Power to issue bonds - purpose 30‑35‑802
Question submitted 30‑35‑803
Ordinance - taxes - interest - disposition 30‑35‑804
Construction - disposition of delinquent assessment 30‑35‑901
Special taxing districts authorized 30‑35‑902
Definitions 30‑35‑903
Use of districts 30‑35‑904
Formation of districts 30‑35‑905
Powers of board 30‑35‑906
Exclusion
Green check means up to date. Up to date

Current through Fall 2024

§ 30-35-604’s source at colorado​.gov