The board of directors, in certifying annual levies for the district, shall take into account the maturing indebtedness incurred by the district by contract other than the issuance of bonds for the ensuing year as provided in its contracts 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 district, are not sufficient to pay punctually the annual installments of such contracts 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 be made and shall continue to be levied until the indebtedness of the district is fully paid.
Source: L. 79: Entire section added, p. 1356, § 3, effective May 31.
Structure Colorado Code
Title 37 - Water and Irrigation
Article 46 - Colorado River Water Conservation District
§ 37-46-101. Legislative Declaration
§ 37-46-103. District Body Corporate - Area
§ 37-46-104. Board of Directors
§ 37-46-105. Compensation of Directors
§ 37-46-106. Vacancies - Secretary and Treasurer
§ 37-46-108. Principal Office - Meetings
§ 37-46-109. Authority of Board to Levy Taxes
§ 37-46-109.3. Taxes - Determination and Collection
§ 37-46-109.4. Levies to Cover District's Deficiencies
§ 37-46-111. Rules and Regulations
§ 37-46-113. Notice of Hearing on Petition
§ 37-46-114. Protesting of Petitions
§ 37-46-114.5. Alternative Procedure for Organizing a Subdistrict
§ 37-46-115. Board of Directors to Prepare Plans
§ 37-46-116. Appointment of Appraisers
§ 37-46-117. Compensation of Appraisers
§ 37-46-118. Board Bound by Financing Plan
§ 37-46-119. Directors May Make Assessments
§ 37-46-120. Improvement District Bonds
§ 37-46-121. Assessments Perpetual Lien
§ 37-46-122. Invalid Assessments - Board Remedy
§ 37-46-123. Assessment Record as Evidence
§ 37-46-124. Remedies in Case of Faulty Notice
§ 37-46-126. Issuance of General Obligation Bonds and Revenue Bonds
§ 37-46-126.2. Subdistrict's Levy of Taxes
§ 37-46-126.3. Levy and Collection of Subdistrict's Taxes
§ 37-46-126.4. Levies to Cover Subdistrict Deficiencies
§ 37-46-126.5. County to Levy and Collect
§ 37-46-126.6. Delinquent Taxes
§ 37-46-127. Maintenance Assessment
§ 37-46-128. Annual Levy Limit
§ 37-46-129. Investment of Surplus Funds
§ 37-46-131. Court Confirmation
§ 37-46-132. Allocation of Water or Service
§ 37-46-133. Election to Authorize Debt
§ 37-46-134. Definition of Elector
§ 37-46-136. Election Resolution
§ 37-46-137. Conduct of Election
§ 37-46-138. Notice of Election
§ 37-46-140. Election Supplies
§ 37-46-142. Debt Election Contests
§ 37-46-143. Covenants and Other Provisions in Bonds
§ 37-46-144. Liens on Pledged Revenues
§ 37-46-145. Rights - Powers of Holders of Bonds - Trustees
§ 37-46-146. Investments and Securities
§ 37-46-147. Rents and Charges
§ 37-46-148. Miscellaneous Powers
§ 37-46-149. Cooperative Powers