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 to the improvements of the district.
Source: L. 75: Entire title R&RE, p. 1207, § 1, effective July 1.
Editor's note: This section is similar to former § 31-25-617 as it existed prior to 1975.
Structure Colorado Code
Title 31 - Government - Municipal
Article 25 - Public Improvements
Part 6 - Improvement Districts in Municipalities (1949 Act)
§ 31-25-601. Legislative Declaration
§ 31-25-603. Authority of Governing Body
§ 31-25-604. Organization Petition - Contents
§ 31-25-605. Bond of Petitioners
§ 31-25-606. Notice of Hearing
§ 31-25-607. Hearing - Dismissal - Findings - Declaration - When Action Barred
§ 31-25-608. Recording of Ordinance
§ 31-25-609. Governing Body Constitutes Board - Duties
§ 31-25-611. General Powers of District
§ 31-25-611.5. Special Improvement Districts - Authority to Establish
§ 31-25-612. Power to Levy Taxes
§ 31-25-613. Determining and Fixing Rate of Levy
§ 31-25-614. Levies to Cover Deficiencies
§ 31-25-615. County Officers to Levy and Collect Taxes - Lien
§ 31-25-616. Property Sold for Taxes
§ 31-25-618. Inclusion or Exclusion - Petition - Notice - Hearing - Order
§ 31-25-619. Liability of Property
§ 31-25-620. Board Can Issue Bonds - Form
§ 31-25-626. Correction of Faulty Notices
§ 31-25-629. Municipal Jurisdiction Unimpaired
§ 31-25-630. Method Not Exclusive
§ 31-25-631. Confirmation of Board Actions and Powers