There is a newer version of the Colorado Revised Statutes
2016 Colorado Revised Statutes
Title 31 - Government - Municipal
Powers and Functions of Cities and Towns
Article 25 - Public Improvements
Part 6 - Improvement Districts in Municipalities (1949 Act)
§ 31-25-617. Reserve fund
CO Rev Stat ยง 31-25-617 (2016) What's This?
When any indebtedness has been incurred by a district, it is lawful for the board to levy taxes and collect revenue for the purpose of creating a reserve fund in such amount as the board may determine which may be used to meet the obligations of the district for operating charges and depreciation and to provide extensions of and betterments to the improvements of the district.
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