C.R.S. Section 32-15-123
Revenue sharing


After all the principal, interest, and premium, if any, of the special obligation bonds issued pursuant to this article are paid in full and the levy and collection of sales tax and admissions tax revenues by the district is discontinued, but prior to the repeal of this article, any funds collected by the district that are, in the sole discretion of the board, deemed not to be necessary for the anticipated expenses and reserves of the district shall be credited at least annually to the general fund of each county, city and county, city, and town which is included, in whole or in part, in the district based upon the proportion of the total amount of sales tax revenues collected pursuant to section 32-15-110 within such county, city and county, city, and town to the total amount of sales tax revenues collected pursuant to section 32-15-110 within the district. For purposes of this section, the total amount of sales tax revenues collected within a county shall not include any sales tax revenues collected in any city or town located within such county. In addition, in computing said proportion, any sales tax revenues collected in any county, city, or town which is not included, in whole or in part, within the geographical boundaries of the district shall not be included in the total amount of sales tax revenues collected within the district.

Source: Section 32-15-123 — Revenue sharing, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-32.­pdf (accessed Oct. 20, 2023).

32‑15‑101
Short title
32‑15‑102
Legislative declaration
32‑15‑103
Definitions
32‑15‑104
Creation of district - area of district
32‑15‑104.3
District area - town of Castle Rock in Douglas county
32‑15‑104.5
Annexation of enclaves
32‑15‑105
Board of directors - membership - qualifications
32‑15‑106
Board of directors - powers and duties
32‑15‑107
Authorizing election
32‑15‑108
Position of trust - conflicts of interest
32‑15‑109
Records of board - audits - legislative oversight - powers and duties of state auditor
32‑15‑110
Sales tax imposed - collection - administration of tax - discontinuance
32‑15‑110.5
Admissions tax imposed - collection - discontinuance
32‑15‑111
Sales tax and admissions tax revenues - use
32‑15‑112
Operating revenues - use
32‑15‑113
Issuance of special obligation bonds
32‑15‑114
Pledge of sales and admissions tax revenues and net operating revenues
32‑15‑115
Payment, recital, and securities
32‑15‑116
Incontestable recital in securities
32‑15‑117
Limitation upon payment
32‑15‑118
Negotiability
32‑15‑119
Sale of special obligation bonds
32‑15‑120
Contracts
32‑15‑121
Management agreement - operation of stadium
32‑15‑122
Lease of stadium
32‑15‑123
Revenue sharing
32‑15‑125
Limitations upon liabilities
32‑15‑125.5
No action maintainable
32‑15‑126
Sale of real and personal property of district
32‑15‑127
Limitations upon promotional activities
32‑15‑128
Football stadium site selection commission - creation - membership
32‑15‑129
Commission - powers and duties
32‑15‑130
Conflicts of interest prohibited
32‑15‑131
Criteria - stadium site - stadium
32‑15‑132
Consultation with urban land institute - consideration of recommendations
32‑15‑133
Repeal of article
Green check means up to date. Up to date

Current through Fall 2024

§ 32-15-123’s source at colorado​.gov