Whenever 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 and betterments of the authorized improvements of the district.
Source: L. 68: p. 168, § 18. C.R.S. 1963: § 36-25-18.
Editor's note: This section was originally numbered as § 30-20-518 in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
Structure Colorado Code
Title 30 - Government - County
Article 20 - Public Improvements
Part 5 - County Public Improvement District Act
§ 30-20-502. Legislative Declaration
§ 30-20-504. Authority of Governing Body
§ 30-20-505. Organization Petition - Contents
§ 30-20-506. Bond of Petitioners
§ 30-20-507. Notice of Hearing
§ 30-20-508. Hearing - Dismissal - Findings - Declaration - When Action Barred
§ 30-20-509. Recording of Resolution
§ 30-20-510. Governing Body Constitutes Board - Duties
§ 30-20-512. General Powers of District
§ 30-20-512.5. Local Improvement Districts - Authority to Establish
§ 30-20-513. Determination of Special Benefits - Factors Considered
§ 30-20-514. Power to Levy Taxes
§ 30-20-515. Determining and Fixing Rate of Levy
§ 30-20-516. Levies to Cover Deficiencies
§ 30-20-517. County Officers to Levy and Collect Taxes - Liens
§ 30-20-518. Property Sold for Taxes
§ 30-20-520. Inclusion or Exclusion - Petition - Notice - Hearing - Order
§ 30-20-521. Liability of Property
§ 30-20-522. Board Can Issue Bonds - Form - Legislative Declaration
§ 30-20-528. Correction of Faulty Notices
§ 30-20-530. County Jurisdiction Unimpaired
§ 30-20-531. Method Not Exclusive
§ 30-20-532. Confirmation of Board Actions and Powers