C.R.S. Section 37-45-142
Bond elections

  • subsequent elections

(1)

No debt required by section 37-45-139 to be submitted to the electors of the district shall be incurred unless the proposition to create such debt is first submitted to and approved by the electors of the district.

(2)

In the event it appears from the returns that the proposition submitted has been approved by a majority of those voting at the election as required under subsection (1) of this section, the district is authorized to incur such indebtedness or obligations, enter into such contract, or issue and sell such bonds of the district, all for the purpose and object provided for in the proposition submitted under this section and in the resolution therefor and in the amount so provided and at a net effective interest rate not exceeding the maximum net effective interest rate recited in such resolution. Submission of the proposition of incurring such obligation or bonded or other indebtedness at such an election shall not prevent or prohibit submission of the same or other propositions at subsequent elections called for such purpose.

(3)

Intentionally left blank —Ed.

(a)

The board, having received approval at an election to issue bonds and having determined that the limitations of the original election question are too restrictive to permit the advantageous sale of the bonds so authorized, may submit at another election held for such purpose:

(I)

The question of issuing the bonds, or any portion thereof, at a higher maximum net effective interest rate than the maximum interest rate or maximum net effective interest rate approved at the original election; or

(II)

The question of issuing the bonds, or any portion thereof, to mature over a longer period of time than the maximum period of maturity approved at the original election.

(b)

An election held pursuant to this subsection (3) shall be held in substantially the same manner as an election to authorize bonds initially, except as may be required for the submission of the limited question or questions permitted under this subsection (3).

(c)

If a majority of those voting at an election held pursuant to this subsection (3) fails to approve the changes submitted, such result shall not impair the authority of the board at a later time to issue the bonds originally approved within the limitations established at the first election.

Source: Section 37-45-142 — Bond elections - subsequent elections, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-37.­pdf (accessed Oct. 20, 2023).

37–45–101
Short title
37–45–102
Legislative declaration
37–45–103
Definitions
37–45–104
Name of district - bonds
37–45–105
Liberal construction
37–45–106
Constitutional construction clause
37–45–107
Repeal - saving clause
37–45–108
Jurisdiction of district courts
37–45–109
Petition
37–45–110
Bond of petitioners
37–45–111
Notice of hearing on petition
37–45–112
Protests and hearings on petitions
37–45–113
Provisions for filing and recording decree of incorporation
37–45–114
Appointment of board of directors
37–45–115
Organization of the board of directors
37–45–116
Meetings and records
37–45–117
Employment of agents
37–45–118
General powers
37–45–119
Power to acquire rights-of-way
37–45–120
Subdistricts
37–45–121
Classification of taxes and assessments - powers
37–45–122
Levy and collection under class A
37–45–123
Levy and collection under class B
37–45–124
Levy and collection under class C
37–45–125
Levy and collection under class D
37–45–126
Levies cover defaults and deficiencies
37–45–127
Objections to assessments - appeal
37–45–128
Officers levy and collect taxes and assessments
37–45–129
Sale for delinquencies
37–45–130
Exemptions
37–45–131
Sale of water by contract
37–45–132
Contracts - security - enforcement
37–45–133
Sinking fund
37–45–134
Additional powers
37–45–135
Allotment of water to disabled landowner or administrator
37–45–136
Inclusion of lands
37–45–137
Exclusion of lands
37–45–138
Board to execute contracts - issue bonds
37–45–139
Contracts - submission to electors
37–45–140
Publication of call
37–45–141
Conduct of election
37–45–142
Bond elections - subsequent elections
37–45–143
Confirmation of contract proceedings
37–45–144
Correction of faulty notices
37–45–145
Early hearings
37–45–146
Dissolution of districts
37–45–147
Election for dissolution - petition or resolution filed
37–45–148
Notice of election
37–45–149
Objections to resolution or petition
37–45–150
Election procedure - ballot
37–45–151
Majority vote determines question
37–45–152
Winding up and dissolution - order entered
37–45–153
Validation and recreation of water conservancy districts
Green check means up to date. Up to date

Current through Fall 2024

§ 37-45-142’s source at colorado​.gov