C.R.S. Section 31-35-616
Revenue kept in separate fund


(1)

The revenue derived from the connections with said sewer or sewerage systems shall be placed in the treasury of the municipality or district and may be kept in a separate fund. If the revenue is placed in a separate fund, it shall not be paid out or distributed except for the purpose of operating, renewing, improving, or extending the sewerage system and the payment of the salaries of the employees engaged in operating said sewerage system. At any time there is a surplus of such funds, it shall be semiannually placed in a sinking fund for the purposes of acquiring, renewing, or extending such sewerage system or making renewals or extensions thereto or for retiring the bonded indebtedness upon said sewerage system; but if said surplus fund is used to retire outstanding sewer bonds, the same shall be in addition to the money derived by taxation for such retirement of sewer bonds as is provided by law.

(2)

Any municipality or incorporated sewer or sanitary district which is being provided with services by the governing body fixing such rates and charges is subject to the same charges and rates established as provided in this part 6 or to charges and rates established in harmony therewith for service rendered such municipality or incorporated sewer or sanitary district and shall pay such rates or charges when due, and the same shall be deemed to be a part of the revenues of the works and shall be applied as provided in this section for the application of such revenues.

Source: Section 31-35-616 — Revenue kept in separate fund, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-31.­pdf (accessed Oct. 20, 2023).

31‑35‑101
Powers - canals - water rights - diversion - ratification of prior rights
31‑35‑102
Ditch and canal management
31‑35‑103
Trustees of waterworks - duties
31‑35‑104
First election of trustees
31‑35‑105
Trustees - qualifications
31‑35‑106
Regular election of trustees
31‑35‑107
Trustees - quorum - existing boards - secretary
31‑35‑108
Acts of board - meetings - vacancies - compensation and bond
31‑35‑109
Semiannual statement of condition
31‑35‑110
Annual statement of estimate
31‑35‑111
Election
31‑35‑201
Leasing of water - no rights vested
31‑35‑301
Construction of water mains
31‑35‑302
Petition - plans - contract
31‑35‑303
Necessity declared by ordinance
31‑35‑304
Streets and alleys - eminent domain
31‑35‑305
Sidewalks - assessment - hearing - lien
31‑35‑306
Other laws not affected
31‑35‑401
Definitions
31‑35‑402
Powers
31‑35‑403
Authorization of facilities and bonds
31‑35‑404
Bond provisions
31‑35‑405
Signatures on bonds
31‑35‑406
Tax exemption
31‑35‑407
Covenants in bond ordinance
31‑35‑408
No municipal liability on bonds
31‑35‑409
Remedies of bondholders
31‑35‑410
Construction of part 4
31‑35‑411
Pledge of other utility revenues
31‑35‑412
Refunding bonds
31‑35‑413
Incontestable recital in bonds
31‑35‑414
Application of bond proceeds
31‑35‑415
Continuing rights of bondholders
31‑35‑416
Validation
31‑35‑417
Effect of and limitations upon validation
31‑35‑501
Creation of board
31‑35‑502
Board - appointments - removal - bonds - meetings
31‑35‑503
Oath - officers
31‑35‑504
Board’s administrative powers
31‑35‑505
Meetings of board
31‑35‑506
Additional administrative powers
31‑35‑507
Budgets, accounts, and audits
31‑35‑508
Records of board
31‑35‑509
Conflicts in interest prohibited
31‑35‑510
Authorization of facilities
31‑35‑511
Implementing powers
31‑35‑512
Additional powers of municipality
31‑35‑513
Financial powers of municipality
31‑35‑514
Other powers of board
31‑35‑601
Owner to be notified
31‑35‑602
Resolution adopted
31‑35‑603
Cost of connection ascertained
31‑35‑604
Work accepted - assessment - certified copy filed - lien
31‑35‑605
Appropriation from general fund
31‑35‑606
Assessments payable - proviso
31‑35‑607
Payment in installments optional
31‑35‑608
Installment payments - due date - interest
31‑35‑609
Default in payment - penalty
31‑35‑610
Discount for cash payment
31‑35‑611
Payment of assessments - default - sale
31‑35‑612
Owner of interest may pay his share
31‑35‑613
When collections paid to municipality
31‑35‑614
Construction of part 6
31‑35‑615
Governing body to fix rates and charges
31‑35‑616
Revenue kept in separate fund
31‑35‑617
Failure to pay rates and charges - lien
31‑35‑618
Prior rates and charges declared valid
31‑35‑619
Surplus revenue diverted to general fund
31‑35‑701
Cities or towns may provide service outside boundaries
31‑35‑702
Governing body agency of state
31‑35‑703
Publication of ordinance
31‑35‑704
Contents of ordinance
31‑35‑705
Protest - board of adjustment
31‑35‑706
Continuing annual charges
31‑35‑707
Date and place of payment
31‑35‑708
Nonpayment - penalty - lien
31‑35‑709
Voluntary discontinuance by owner
31‑35‑710
Duty to maintain system
31‑35‑711
Rates may be collected by action
31‑35‑712
Owner to obtain permit - penalty
Green check means up to date. Up to date

Current through Fall 2024

§ 31-35-616’s source at colorado​.gov