C.R.S. Section 30-35-803
Ordinance

  • taxes
  • interest
  • disposition

The issuance of any bonds voted on in accordance with this part 8 shall be authorized by an ordinance, which shall be irrepealable until the bonds therein provided for shall have been fully paid or discharged, specifying the purpose to which the funds to be raised shall be applied and providing for the levy of a tax sufficient to pay the annual interest and extinguish the principal of such bonds within fifteen but not less than ten years from the creation thereof. Such tax, when collected, shall be applied only to the purpose specified in such ordinance until such bonds shall be paid or discharged. Such bonds shall bear interest at a rate or rates and shall be exchanged or sold at a price or prices so that the net effective interest rate of the issue of bonds does not exceed the maximum net effective interest rate authorized. Interest shall be paid semiannually and shall be payable at such place, be in such denominations, and be executed by such officers as may be prescribed in such ordinance. Such bonds may be exchanged for outstanding matured and overdue special assessment bonds or obligations and interest thereon or they may be sold and the proceeds thereof used for the purpose specified in this part 8.

Source: Section 30-35-803 — Ordinance - taxes - interest - disposition, 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

§ 30-35-803’s source at colorado​.gov