Upon authorization of its board of directors, a contracting district shall have the authority to obtain loans, upon such terms and granting such security for repayment thereof as the board deems proper, to defray the annual expenses of operation and maintenance required to perform a salinity control contract. Such loans shall not be subject to any other requirement or limitation in this article or in articles 41 to 43 of this title.
Source: L. 88: Entire part added, p. 1229, § 1, effective April 6.
Structure Colorado Code
Title 37 - Water and Irrigation
Article 43 - Irrigation Districts of 1905 and 1921 and Irrigation District Salinity Control Act
Part 2 - Irrigation District Salinity Control Act
§ 37-43-203. Applicability - Exercise of Authority
§ 37-43-204. Irrigation District - Authority to Contract
§ 37-43-205. Special Assessment
§ 37-43-206. Authority to Obtain Loans to Defray Expenses
§ 37-43-207. Power of Eminent Domain
§ 37-43-208. Contracts - Reimbursement by United States
§ 37-43-209. Submission of Plans to State Engineer - Not Required
§ 37-43-210. Compensation of Director of Contracting District