2016 Colorado Revised Statutes
Title 22 - Education
Financial Policies and Procedures
Article 43 - Refunding Bonds
§ 22-43-106. Needed revenues - tax levy - miscellaneous

CO Rev Stat ยง 22-43-106 (2016) What's This?

(1) Whenever a board of education issues refunding bonds under the provisions of this article, sections 22-42-117 to 22-42-121 shall be applicable to said refunding bonds and the procedures therefor, in the same manner as prescribed for other school district bonds; except that any such refunding bonds shall be payable from the same funds which are to be derived from the same source as would have been used to pay the original bonds if no refunding thereof had occurred.

(2) After refunding bonds are issued pursuant to this article, the resolution authorizing the same and providing for the levy of taxes for the payment of interest upon and the principal of such refunding bonds shall not be altered or repealed until the refunding bonds so authorized have been fully paid.

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