The principal amount of notes payable from any fund shall be limited to fifty percent of the amount of revenue anticipated but not yet credited to the fund for the applicable fiscal year.
Source: L. 86: Entire part R&RE, p. 969, § 1, effective July 1.
Editor's note: This section is similar to former § 24-75-906 as it existed prior to 1986.
Structure Colorado Code
Part 9 - Funds Management Act of 1986
§ 24-75-902. Legislative Declaration
§ 24-75-905. Authority to Issue and Sell Notes
§ 24-75-906. Limitation on Amount of Notes
§ 24-75-907. Form and Terms of Notes
§ 24-75-908. Execution of Notes
§ 24-75-909. Manner of Sale of Notes
§ 24-75-910. Investment or Deposit of Proceeds - Income Therefrom
§ 24-75-912. Notes as Legal Investments and Eligible Collateral
§ 24-75-913. Construction With Other Statutes