C.R.S. Section 32-14-113
Costs

  • acquisition of stadium site
  • construction of stadium
  • use of public moneys
  • target percentage
The district shall make every reasonable effort to obtain funding for a target amount of at least fifty percent of the total costs incurred by the district in the acquisition of a stadium site and in the construction of a stadium from moneys acquired from sources other than the levy and collection of the sales tax authorized pursuant to the provisions of section 32-14-114. Such amount constitutes a target which the district shall attempt to achieve but is not a mandatory requirement. Such moneys may include, but are not limited to, private donations or the revenues acquired by the issuance of special obligation bonds to be paid from the financial incentives specified in section 32-14-110 (1)(a) or the operating revenues generated by the district. The sales tax authorized in section 32-14-114 shall be levied only for the period of time for which it is necessary to generate revenues sufficient to pay the percentage of the total costs incurred in said acquisition and construction not funded by other sources of money and for such other purposes specified in section 32-14-115, but such period of time shall not exceed twenty years.

Source: Section 32-14-113 — Costs - acquisition of stadium site - construction of stadium - use of public moneys - target percentage, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-32.­pdf (accessed Oct. 20, 2023).

32‑14‑101
Short title 32‑14‑102
Legislative declaration 32‑14‑103
Definitions 32‑14‑104
Creation of district - area of district 32‑14‑105
Authorizing election 32‑14‑106
Board of directors - membership - qualifications 32‑14‑107
Board of directors - powers and duties 32‑14‑108
Conflicts of interest prohibited 32‑14‑109
Records of board - audits - legislative oversight - powers and duties of state auditor 32‑14‑110
Privatization - study and consideration 32‑14‑111
Criteria - stadium site - stadium 32‑14‑112
Consultation with urban land institute - Colorado baseball commission - consideration of recommendations 32‑14‑113
Costs - acquisition of stadium site - construction of stadium - use of public moneys - target percentage 32‑14‑114
Sales tax imposed - collection - administration of tax - discontinuance 32‑14‑115
Sales tax revenues - use 32‑14‑116
Operating revenues - use 32‑14‑117
Issuance of special obligation bonds 32‑14‑118
Pledge of sales tax revenues and net operating revenues 32‑14‑119
Payment, recital, and securities 32‑14‑120
Incontestable recital in securities 32‑14‑121
Limitation upon payment 32‑14‑122
Negotiability 32‑14‑123
Sale of special obligation bonds 32‑14‑124
Contracts 32‑14‑125
Management agreement - operation of stadium 32‑14‑126
Lease of stadium - major league baseball franchise 32‑14‑126.5
Revenue sharing 32‑14‑128
Limitations upon liabilities 32‑14‑129
Sale of real and personal property of district 32‑14‑130
Limitations upon promotional activities 32‑14‑131
Colorado baseball commission - creation - membership 32‑14‑132
Commission - powers and duties 32‑14‑133
Repeal of article
Green check means up to date. Up to date

Current through Fall 2024

§ 32-14-113’s source at colorado​.gov