Colo. Rev. Stat. § 31-25-533
Power of governing body to contract debt - question submitted to registered electors
Colorado · Colorado Revised Statutes Title 31 — Government - Municipal · Status: effective
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- Citation
- Colo. Rev. Stat. § 31-25-533, Power of governing body to contract debt - question submitted to registered electors, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2311683
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Full text
The governing body has power to contract an indebtedness on behalf of the municipality and upon the credit thereof by borrowing money or issuing the negotiable interest-bearing bonds of the municipality for the purpose of providing a fund to pay such part of the cost of said improvements as may be determined by the governing body. No such indebtedness shall be created except by ordinance subject to and otherwise in accordance with the provisions of section 31-15-302 (1)(d).