When 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 of and betterments for the improvements of the district.
Source: L. 88: Entire part added, p. 1138, § 1, effective May 6.
Structure Colorado Code
Title 31 - Government - Municipal
Article 25 - Public Improvements
Part 12 - Business Improvement Districts
§ 31-25-1202. Legislative Declaration
§ 31-25-1204. Authority of Governing Body
§ 31-25-1205. Organizational Procedure
§ 31-25-1206. Notice of Hearing
§ 31-25-1207. Hearing - Findings - When Action Barred
§ 31-25-1208. Boundaries - Exclusion Proviso
§ 31-25-1209. Board of Directors - Duties
§ 31-25-1211. Approval of Actions by Municipality
§ 31-25-1212. General Powers of District
§ 31-25-1212.5. Improvements - Railroad Quiet Zones
§ 31-25-1213. Power to Levy Taxes
§ 31-25-1214. Determining and Fixing Rate of Levy
§ 31-25-1215. Levies to Cover Deficiencies
§ 31-25-1216. County Officers to Levy and Collect Taxes - Lien
§ 31-25-1217. Property Sold for Taxes
§ 31-25-1219. Special Assessments
§ 31-25-1220. Inclusion or Exclusion - Petition - Notice - Hearing
§ 31-25-1221. Board Can Issue Bonds - Form
§ 31-25-1222. Submission of Debt Question
§ 31-25-1223. Effect - Subsequent Elections
§ 31-25-1224. Confirmation of Contract Proceedings
§ 31-25-1225. Dissolution Procedure
§ 31-25-1226. Correction of Faulty Notices
§ 31-25-1227. Department of Transportation and Municipal Jurisdiction Unimpaired