2016 Colorado Revised Statutes
Title 22 - Education
Financial Policies and Procedures
Article 40 - Tax Levies and Revenues
§ 22-40-107. Short-term loans

CO Rev Stat ยง 22-40-107 (2016) What's This?

(1) The board of education of any school district may negotiate or contract with any person, corporation, association, or company for a loan not to exceed the difference between the anticipated revenues for the current fiscal year for the general fund and the amount credited to date to said general fund in order to eliminate the necessity of issuing registered warrants upon said general fund. Such loan shall be liquidated within six months of the close of the fiscal year from moneys subsequently credited to said general fund.

(2) Repealed.

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