C.R.S. Section 30-35-706
Tax for payment of refunding bonds

The interest accruing on such refunding bonds issued pursuant to the provisions of this part 7 prior to the time when the proceeds of tax levies are available therefor shall be paid out of the general revenues or any other revenues of the county available therefor. For the purpose of reimbursing such general revenues or other revenues and for the payment of subsequently accruing interest, the governing body shall levy annually a sufficient tax upon all the taxable property in the county fully to discharge such interest. For the ultimate payment or redemption of such refunding bonds there shall be certified and levied annually such a tax upon all the taxable property in such county as will create a fund sufficient to pay or redeem and discharge such refunding bonds at or prior to their respective maturities; but in the event the bonds to be redeemed and the interest thereon accruing would have been paid from taxes levied upon only part of the taxable property in the county, the taxes levied for payment or redemption of the refunding bonds, and the interest accruing thereon, shall be levied in the same manner and upon only the same taxable property as would have been levied for payment of the bonds to be refunded if no refunding of said bonds had been made and accomplished. As collected, all taxes levied for payment of interest on and for the payment or redemption of the principal of such bonds shall be kept by the treasurer of the county in a special fund, to be used only in the payment of the interest upon and for the payment or redemption of the principal of such bonds. Such tax shall be levied and collected in the same manner as other county taxes are levied and collected. The ordinance authorizing the issuance of said bonds shall set forth the years in which such taxes shall be levied for the creation of said fund.

Source: Section 30-35-706 — Tax for payment of refunding 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

§ 30-35-706’s source at colorado​.gov