No new bonded indebtedness shall be authorized and no existing bonded indebtedness shall be assumed unless approved by a majority of votes cast by the eligible electors of the school district that will issue or assume such bonded indebtedness at the same election at which the plan of organization is approved or at a subsequent election.
Source: L. 94: Entire section added, p. 1278, § 4, effective May 22.
Structure Colorado Code
Article 30 - School District Organization Act of 1992
Part 1 - New or Annexing School District Organization
§ 22-30-102. Legislative Declaration
§ 22-30-104. Conduct of Elections
§ 22-30-105. Activation of the School District Organization Planning Process
§ 22-30-106. School Organization Planning Committee
§ 22-30-107. Duties of the Committee
§ 22-30-107.5. Duties of Affected School Districts
§ 22-30-109. Meetings - Notice
§ 22-30-110. Names Certified to Commissioner
§ 22-30-111. Compensation - Expenses
§ 22-30-112. Department Consultants
§ 22-30-113. Duties of the Attorney General
§ 22-30-114. Requirements for Plan of Organization
§ 22-30-115. Hearing on a Plan of Organization
§ 22-30-116. Approval of the Plan and Submission to the Commissioner
§ 22-30-117. Special School District Organization Election Scheduled
§ 22-30-118. Meeting to Explain Final Approved Plan
§ 22-30-119. Certificate of Return - Map
§ 22-30-120. New School District - Powers
§ 22-30-120.5. Effective Date for Purposes of School Finance
§ 22-30-121. Rejection of Final Approved Plan
§ 22-30-121.5. New School District - Election Concerning Financial Matters
§ 22-30-122. Election of School Directors in New School Districts
§ 22-30-123. Status of Old School District - Assets
§ 22-30-124. Existing Bonded Indebtedness
§ 22-30-125. Election on Assuming the Existing Bonded Indebtedness
§ 22-30-126. Limit of Bonded Indebtedness - New School District