The board, in certifying annual levies, shall take into account the maturing indebtedness for the ensuing year as provided in its contract, maturing bonds and interest on bonds, and deficiencies and defaults of prior years, and shall make ample provision for the payment thereof. In case the moneys produced from such levies, together with other revenues of the service authority, are not sufficient to pay punctually the annual installments on its contracts or bonds, and interest thereon, and to pay defaults and deficiencies, the board shall make such additional levies of taxes as may be necessary for such purposes, and such taxes shall continue to be levied until the indebtedness of the service authority is fully paid.
Source: L. 72: p. 468, § 1. C.R.S. 1963: § 89-25-19.
Structure Colorado Code
Article 7 - Regional Service Authorities
§ 32-7-102. Legislative Declaration
§ 32-7-104. Territorial Requirements for Service Authorities
§ 32-7-105. Petition or Resolution for Formation - Designation of Services
§ 32-7-106. Priority of Petition or Resolution
§ 32-7-107. Court Appoints an Organizational Commission and Election Committee
§ 32-7-108. Service Authority Organizational Commission
§ 32-7-109. Election for Formation, Selection of Services, and Initial Board of Directors
§ 32-7-110. Board of Directors
§ 32-7-111. Designation of Services
§ 32-7-112. Local Authorization of Functions, Services, and Facilities
§ 32-7-114. Duties Related to Planning Powers
§ 32-7-116. Powers to Be Exercised Without Franchise - Condition
§ 32-7-117. Revenues of Service Authority - Collection
§ 32-7-118. Levy and Collection of Taxes
§ 32-7-119. Levies to Cover Deficiencies
§ 32-7-120. Power to Issue Revenue Bonds - Terms
§ 32-7-121. Power to Incur Indebtedness - Interest - Maturity - Denominations
§ 32-7-122. Debt Question Submitted to Electors - Resolution
§ 32-7-123. Effect - Subsequent Elections
§ 32-7-124. Correction of Faulty Notices
§ 32-7-126. Limitations Upon Issuance
§ 32-7-127. Use of Proceeds of Refunding Bonds
§ 32-7-128. Combination of Refunding and Other Bonds
§ 32-7-129. Board's Determination Final
§ 32-7-130. Anticipation Warrants
§ 32-7-131. Inclusion - Counties - Municipality - Existing Service Authority - Procedures
§ 32-7-132. Special Taxing Districts Authorized
§ 32-7-133. Formation of Special Taxing Districts
§ 32-7-134. Local Improvement Districts Authorized
§ 32-7-135. Procedures to Establish Local Improvement Districts
§ 32-7-136. Special Districts - Transfer of Responsibility
§ 32-7-137. Special Districts - Formation Within Service Authority Territory Forbidden
§ 32-7-138. Transfer and Assumption of Services
§ 32-7-139. Payments for Facilities Acquired by Regional Service Authority - Valuation
§ 32-7-140. Public Transportation
§ 32-7-141. Sewage Collection, Treatment, and Disposal
§ 32-7-142. Urban Drainage and Flood Control
§ 32-7-143. Assumption of Services by a Service Authority in the Denver Metropolitan Area