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2020 Colorado Revised Statutes
Title 32 - Special Districts
Article 11. Urban Drainage and Flood Control Act
Section 32-11-532. Securities not constituting indebtedness.
Universal Citation: CO Rev Stat § 32-11-532 (2020)
Any other district securities (except general obligation notes and general obligation warrants) constitute special obligations of the district, and all such other securities (including all notes and warrants, general obligations, or special obligations payable within one year from date) neither constitute outstanding indebtedness of the district nor exhaust its debt-incurring power under any such debt limitation.
Source: L. 69: p. 773, § 74. C.R.S. 1963: § 89-21-74. L. 84: Entire section amended, p. 847, § 2, effective July 1.
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