There is a newer version
of
this Section
2020 Colorado Revised Statutes
Title 29 - Government - Local
Article 4. Housing
Section 29-4-111. Bonds not secured by taxes authorized by resolution.
Universal Citation: CO Rev Stat § 29-4-111 (2020)
(1) The council may authorize the issuance of bonds not payable from or additionally secured by taxes by a resolution which shall state in substance:
The amount or maximum amount of bonds to be issued;
The housing projects for the financing of which such bonds are to be issued;
The rate or maximum rate of interest which such bonds are to bear;
A brief concise statement, which need not go into any detail other than the merestatement of the fact, showing the source of payment and security for such bonds.
(2) Such bonds shall mature at such times, not to exceed sixty years from their respective dates, as the council may provide.
Source: L. 35: p. 509, § 12. CSA: C. 82, § 15. CRS 53: § 69-2-11. C.R.S. 1963: § 69-211.
Disclaimer: These codes may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
