The board of directors may sell property or assets of the district not needed for district use nor essential to its operation from time to time as it directs and upon such notice as it designates, and shall cause the proceeds thereof to be placed in the bond fund or United States contract fund of the district. If the district has no bonded or United States contract indebtedness, then the proceeds shall be placed in the general fund.
Source: L. 21: p. 553, § 37. C.L. § 2093. CSA: C. 90, § 468. CRS 53: § 149-2-37. C.R.S. 1963: § 150-2-37. L. 2017: Entire section amended, (HB 17-1030), ch. 16, p. 54, § 13, effective August 9.
Structure Colorado Code
Title 37 - Water and Irrigation
Article 42 - Irrigation District Law of 1921
§ 37-42-101. Petition for Organization - Schedule - Bond
§ 37-42-102. Date of Hearing - Notice
§ 37-42-103. Preliminary Report
§ 37-42-104. Hearing - Adjournments
§ 37-42-105. Adverse Report - Investigations
§ 37-42-106. Notice of Organization Meeting and Election
§ 37-42-107. Organization - Meeting - Voting
§ 37-42-108. Directors - Election
§ 37-42-109. Directors to File Map
§ 37-42-110. Directors to Organize - Powers
§ 37-42-111. Meetings of Directors - Notice
§ 37-42-112. District Elections - Definition
§ 37-42-113. Powers of District
§ 37-42-114. Landowners - Definition - Evidence of Ownership
§ 37-42-115. Land Board as Landowner
§ 37-42-117. Directors to Adopt Plans
§ 37-42-118. Bond Election - Ballots
§ 37-42-121. Sale of Bonds - Notice
§ 37-42-122. Bonds - Assessments
§ 37-42-123. Rescission of Action Authorizing Bonds
§ 37-42-124. Construction of Works - Bids - Notice - Contract - Bond
§ 37-42-125. Fiscal Year - Appropriation Resolution
§ 37-42-126. Assessment of Lands - Valuation
§ 37-42-127. Levy to Pay Interest and Expenses
§ 37-42-128. Collection of Assessments
§ 37-42-130. Call of Bonds - Surplus Fund
§ 37-42-131. Payment of General Expenses
§ 37-42-132. Relief From Bonded Indebtedness
§ 37-42-133. Exclusion of Land From District
§ 37-42-134. Inclusion of Land in District
§ 37-42-135. District to Lease Surplus Water
§ 37-42-136. Drainage of Lands - Surveys
§ 37-42-137. Sale of Surplus Water - Proceeds
§ 37-42-138. Confirmation of Organization and Bonds
§ 37-42-139. Dissolution of District - Election