reglab/housing_qa huggingface dataset:
CO Code § 31-21-103 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 1 - Funding - Floating Debt|§ 31-21-103. Bond Election - Judgments

  Whenever such governing body deems it expedient to issue funding bonds under the provisions of this part 1, it shall direct, by ordinance, that the question be submitted at a regular election in the manner provided for authorization of other bonded indebtedness in section 31-15-302 (1)(d). At any election held under the provisions of this part 1, the question of authorizing the funding of all or any part of the floating indebtedness of the city or town may be submitted as one question for determination, irrespective of the form or date of such indebtedness. The election shall be conducted as nearly as possible in conformity with the provisions of the “Colorado Municipal Election Code of 1965”. The election notice shall specify, in addition to the time and places for holding said election, the qualifications for persons to vote on such question, the amount of the indebtedness to be funded, and the amount of funding bonds proposed to be issued and the rate of interest they shall bear. At such election the ballots or voting machine tabs shall contain the words “For the Funding Bonds” and “Against the Funding Bonds”.    No election shall be necessary to authorize the governing body to issue bonds for the purpose of funding indebtedness in the form of a valid subsisting judgment against the municipality.     History. Source: L. 75: Entire title R&RE, p. 1134, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-103 as it existed prior to 1975.   Cross references:   For “Colorado Municipal Election Code of 1965”, see article 10 of this title.   ANNOTATION   For invalidity of bonds issued under improper ordinance, see Nat'l Bank of Commerce v. Town of Granada, 54 F. 100 (8th Cir. 1893) (decided prior to L. 17, p. 521 , § 3, the earliest source of former section).   The use of an admission tax rather than an ad valorem tax to repay improvement bonds issued pursuant to this section is permissible. Friends of Cham. Music v. City and County of Denver, 696 P.2d 309 (Colo. 1985).
CO Code § 31-21-104 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 1 - Funding - Floating Debt|§ 31-21-104. Ordinance - Form and Maturity of Bonds

  If the governing body determines to issue funding bonds for the purpose of paying and discharging any valid and subsisting judgment against the municipality or if, upon canvassing the vote cast at any election held under the provisions of this part 1, it is determined by the governing body that a majority of the votes cast upon the question submitted are for funding, the governing body shall make such determination a part of the official records of the municipality, and the governing body shall immediately thereafter adopt and make a law of the municipality an ordinance which shall not be subject to the referendum provisions of any law providing for the issue of said funding bonds in accordance with the provisions of this part 1. Such ordinance shall fix the date of said funding bonds, shall designate the denominations thereof, the rate of interest, the maturity date which shall not be more than twenty-five years from the date of said funding bonds, the place of payment, within or without the state of Colorado, of both principal and interest, and shall prescribe the form of said funding bonds.    Such funding bonds shall be negotiable in form, shall recite the title of the act under which they are issued, and shall be executed in the name of the municipality, signed by the mayor, countersigned by the treasurer, with the seal of the municipality affixed thereto, and attested by the clerk. The interest accruing on such funding bonds shall be evidenced by interest coupons attached bearing the engraved facsimile signature of the treasurer of the municipality. When so executed, such coupons shall be the binding obligations of the municipality according to their import. In the adoption of said ordinance providing for the issue of such funding bonds, the governing body shall make the principal of the debt payable in substantially equal annual installments during the period, not exceeding twenty-five years, within which the debt is to be discharged. The date of the maturity of the first installment of the debt shall not be more than five years from the date of said funding bonds.     History. Source: L. 75: Entire title R&RE, p. 1134, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-104 as it existed prior to 1975.
CO Code § 31-21-105 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 1 - Funding - Floating Debt|§ 31-21-105. Disposition of Bonds

 All such funding bonds may be exchanged, dollar for dollar, in satisfaction of the indebtedness to be funded, or they may be sold at not less than their par value, as directed by the governing body, and the proceeds thereof shall be applied only to the purpose for which such funding bonds were issued.   History. Source: L. 75: Entire title R&RE, p. 1135, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-105 as it existed prior to 1975.
CO Code § 31-21-106 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 1 - Funding - Floating Debt|§ 31-21-106. Taxes for Interest and Redemption

 The interest accruing on such funding bonds issued pursuant to the provisions of this part 1 prior to the time when tax levies are available therefor shall be paid out of the general revenues of the municipality. For the purpose of reimbursing such general revenues and for the payment of subsequently accruing interest, the governing body issuing such funding bonds or the proper tax assessing and collecting officers upon whom shall devolve the duty of levying and collecting municipal taxes shall levy annually a sufficient tax upon all of the taxable property in the municipality fully to discharge such interest. For the ultimate redemption of such funding bonds, there shall be levied annually such a tax upon all the taxable property in such municipality as will create a fund sufficient to discharge each annual installment of such funding bonds at the maturity thereof, which fund shall be called the redemption fund. All taxes for interest on and for the redemption of such bonds shall be paid in cash only and shall be kept by the municipal treasurer as a special fund to be used only in payment of the interest upon and for the redemption of such bonds. Such tax shall be levied and collected as other municipal taxes are levied and collected. The tax provisions for the ultimate redemption of such bonds shall be set forth in the ordinance authorizing their issue and shall set forth the years in which such taxes shall be levied for the creation of said redemption fund.   History. Source: L. 75: Entire title R&RE, p. 1135, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-106 as it existed prior to 1975.   ANNOTATION   A court has some discretion in the granting or refusing of a writ of mandamus to compel a tax levy for the payment of municipal bond interest coupons. City of Victor v. Halstead, 84 Colo. 450 , 271 P. 185 (1928).
CO Code § 31-21-107 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 1 - Funding - Floating Debt|§ 31-21-107. Ordinance Irrepealable

 Any ordinance authorizing an issue of funding bonds under the provisions of this part 1 and providing for the levy of taxes for the payment of the interest upon the principal of such funding bonds shall not be altered or repealed until the indebtedness thereby authorized has been fully paid.   History. Source: L. 75: Entire title R&RE, p. 1135, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-107 as it existed prior to 1975.
CO Code § 31-21-201 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-201. Definitions

 As used in this part 2, unless the context otherwise requires:    “Net effective interest rate” of a proposed issue of refunding bonds means the net interest cost of said refunding issue divided by the sum of the products derived by multiplying the principal amount of such refunding issue maturing on each maturity date by the number of years from the date of said proposed refunding bonds to their respective maturities. The “net effective interest rate” of an outstanding issue of bonds to be refunded means the net interest cost of said issue to be refunded divided by the sum of the products derived by multiplying the principal amounts of such issue to be refunded maturing on each maturity date by the number of years from the date of the proposed refunding bonds to the respective maturities of the bonds to be refunded. In all cases the net effective interest rate shall be computed without regard to any option of redemption prior to the designated maturity dates of the bonds.    “Net interest cost” of a proposed issue of refunding bonds means the total amount of interest to accrue on said refunding bonds from their date to their respective maturities less the amount of any premium above par at which said refunding bonds are being or have been sold. “Net interest cost” of an outstanding issue of bonds to be refunded means the total amount of interest which would accrue on said outstanding bonds from the date of the proposed refunding bonds to the respective maturity dates of said outstanding bonds to be refunded. In all cases the net interest cost shall be computed without regard to any option of redemption prior to the designated maturity dates of the bonds.    Repealed.     History. Source: L. 75: Entire title R&RE, p. 1136, § 1, effective July 1; (3) added, p. 1274, § 1, effective April 9. L. 89: (3) repealed, p. 1135, § 85, effective July 1.    Editor's note:   This section is similar to former § 31-21-201 as it existed prior to 1975.
CO Code § 31-21-202 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-202. Refunding Bonds - Amount

 The governing body of any municipality may issue negotiable coupon bonds, to be denominated refunding bonds, for the purpose of refunding any of the bonded indebtedness of such municipality, whether due or not or which is payable at the option of such municipality, by consent of the bondholders, or by any lawful means. The amount of the refunding bonds to be issued under the provisions of this part 2 shall first be determined by the governing body, and a certificate of such determination shall be made and entered in and upon the records of the municipality prior to the issuance of said refunding bonds.   History. Source: L. 75: Entire title R&RE, p. 1136, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-202 as it existed prior to 1975.
CO Code § 31-21-203 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-203. Vote of Electors Not Required

 Whenever such governing body deems it expedient to issue refunding bonds under the provisions of this part 2 and the net interest cost and the net effective interest rate of the proposed issue of refunding bonds does not exceed the net interest cost and net effective interest rate of the issue of bonds to be refunded, such refunding bonds may be issued without the submission of the question of issuing such refunding bonds to a vote of the registered electors of such municipality. The issuance of bonds under this part 2 for the purpose of refunding bonds which were originally issued to supply water to such municipality shall not require approval of such electors.   History. Source: L. 75: Entire title R&RE, p. 1136, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-203 as it existed prior to 1975.
CO Code § 31-21-204 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-204. Vote of Electors Required - Procedures

  When such governing body deems it expedient to issue refunding bonds under the provisions of this part 2 and either the net interest cost or the net effective interest rate of the proposed issue of refunding bonds exceeds the net interest cost or the net effective interest rate, respectively, of the issue of bonds to be refunded, the governing body, by ordinance or resolution, shall submit the question of issuing said refunding bonds at a special election called and held for that purpose or at a regular election of the officers of such municipality; but bonds issued under this part 2 for the purpose of refunding bonds which were originally issued to supply water to such municipality shall not require such approval of the registered electors. An election held under this section shall be held in the manner provided for the authorization of an original bonded indebtedness in section 31-15-302 (1)(d).    At any election held under the provisions of this part 2, the question of authorizing the refunding of all or any part of the then outstanding bonded indebtedness of the municipality may be submitted as one question for determination whether such bonds are of the same or of different issues.    The election shall be conducted as nearly as possible in conformity with the provisions of the “Colorado Municipal Election Code of 1965”.    The election notice shall specify, in addition to the time and places for holding said election, the qualifications for persons to vote on such question, the amount and date of the bonds to be refunded, the amount of refunding bonds proposed to be issued, and the maximum net effective interest rate at which they may be issued.    At such election the ballots or voting machine tabs shall contain the words “For the Refunding Bonds” and “Against the Refunding Bonds”.     History. Source: L. 75: Entire title R&RE, p. 1136, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-204 as it existed prior to 1975.   Cross references:   For “Colorado Municipal Election Code of 1965”, see article 10 of this title.   ANNOTATION   Applied in Weedin v. United States, 509 F. Supp. 1052 (D. Colo. 1981 ).
CO Code § 31-21-206 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-206. Exchange - Sale - Proceeds - Amounts

 Such refunding bonds may be exchanged dollar for dollar for the bonds to be refunded, or they may be sold at, above, or below their par value at a price such that the net effective interest rate of the issue of refunding bonds does not exceed the maximum net effective interest rate authorized. Such refunding bonds shall be in a principal amount not exceeding the principal amount of the bonds to be refunded, as directed by the governing body, and the proceeds thereof shall be applied only to the purpose for which such refunding bonds were issued. The principal amount of said refunding bonds may be the same or less than the principal amount of the bonds to be refunded if due, adequate, and sufficient provision has been made for the payment, or redemption, and retirement of said bonds to be refunded and the payment of the interest accrued thereon in accordance with this part 2.   History. Source: L. 75: Entire title R&RE, p. 1138, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-206 as it existed prior to 1975.
CO Code § 31-21-207 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-207. Tax for Payment of Refunding Bonds

 The interest accruing on such refunding bonds issued pursuant to the provisions of this part 2 prior to the time when the proceeds of tax levies are available therefor shall be paid out of the general revenues or any other revenues of the municipality available therefor. For the purpose of reimbursing such general revenues or other revenues and for the payment of subsequently accruing interest, the governing body issuing such refunding bonds shall certify and the board of county commissioners of the county in which the city or town is located shall levy, annually, a sufficient tax upon all the taxable property in the municipality fully to discharge such interest. For the ultimate payment or redemption of such refunding bonds, there shall be certified and levied annually such a tax upon all the taxable property in such municipality as will create a fund sufficient to pay or redeem and discharge such refunding bonds at or prior to their respective maturities. In the event the bonds to be redeemed and the interest thereon accruing would have been paid from taxes levied upon only part of the taxable property in the municipality, the taxes levied for payment or redemption of the refunding bonds and the interest accruing thereon shall be levied in the same manner and upon only the same taxable property as would have been levied for payment of the bonds to be refunded if no refunding of said bonds had been made and accomplished. As collected, all taxes levied for payment of interest on and for the payment or redemption of the principal of such bonds shall be kept by the treasurer of the municipality in a special fund to be used only in the payment of the interest upon and for the payment or redemption of the principal of such bonds. Such tax shall be levied and collected in the same manner as other municipal taxes are levied and collected. The ordinance authorizing the issuance of said bonds shall set forth the years in which such taxes shall be levied for the creation of said fund.   History. Source: L. 75: Entire title R&RE, p. 1138, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-207 as it existed prior to 1975.
CO Code § 31-21-208 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-208. Ordinance Not to Be Altered

 Any ordinance authorizing an issue of refunding bonds under the provisions of this part 2 and providing for the levy of taxes for the payment of the interest upon and the principal of such refunding bonds shall not be altered or repealed until the indebtedness thereby authorized has been fully paid.   History. Source: L. 75: Entire title R&RE, p. 1139, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-208 as it existed prior to 1975.
CO Code § 31-21-209 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-209. Consolidated City or Town - Refunding Indebtedness of Constituent Portions - Bonds

 When any city or town consolidates with another city or town under the laws of the state of Colorado and has incurred a bonded indebtedness prior to such consolidation, such bonded indebtedness may be refunded by the consolidated city or town under the provisions of this part 2, as is provided for the refunding of other bonds in the same manner as it would have been the duty or within the power of the city council or board of trustees of the city or town which contracted such indebtedness to do had no such consolidation taken place. All the provisions of this part 2, including elections authorizing issuance of such refunding bonds, shall apply only within the former limits of the city or town which contracted such indebtedness. All refunding bonds so issued shall state in substance that they, together with interest thereon, are payable only by levies upon property situated within such limits as the same existed prior to such consolidation, unless the terms of consolidation shall provide that such refunding shall apply within the entire limits of the consolidated city or town.   History. Source: L. 75: Entire title R&RE, p. 1139, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-209 as it existed prior to 1975.
CO Code § 31-21-210 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-210. Combined Issues - Procedures

 Any refunding bonds may be issued to refund one or more issues of outstanding bonds of a municipality, but no two or more issues of outstanding bonds may be refunded by a single issue of refunding bonds unless the taxable property upon which tax levies are being made for payment of each such outstanding issue of bonds is identical to the taxable property on which such levies are being made for the payment of all other outstanding bonds proposed to be refunded by such single issue of refunding bonds. In the event that two or more issues of outstanding bonds of a municipality are to be refunded by the issuance of a single issue of refunding bonds as provided in this section, the net interest cost and net effective interest rate on the bonds to be refunded shall be computed as if all of said bonds had originally been combined as a single issue aggregating the total of the smaller issues, and the results of this computation shall be compared with the net interest cost and net effective interest rate on the whole of the single refunding issue for purposes of determining the necessity of submitting the question of issuing such refunding bonds to a vote of the registered electors of the municipality.   History. Source: L. 75: Entire title R&RE, p. 1139, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-210 as it existed prior to 1975.
CO Code § 31-21-212 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-212. Registration of Refunding Bonds

 Whenever any municipality issues refunding bonds under the provisions of this part 2, the governing body shall direct that the clerk of said municipality, as a part of said clerk's duties, register said bonds in a book to be kept by him for that purpose, and, when so registered, the legality thereof shall not be open to contest by such municipality, or by any other person or corporation in behalf of such municipality for any reason whatever. It is the duty of the clerk to register said bonds, noting the principal amount, the date of issuance and maturity, and the rate of interest of said bonds.   History. Source: L. 75: Entire title R&RE, p. 1141, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-212 as it existed prior to 1975.
CO Code § 31-21-213 (2021)
2021 Colorado Code|Title 31 - Government - Municipal|Article 21 - Bonds|Part 2 - Refunding Bonded Indebtedness|§ 31-21-213. Redemption of Refunding Bonds Prior to Maturity - Procedures

  If any bonds of a municipality, either bonds issued for refunding purposes or bonds issued for other purposes as set forth in section 31-15-302 (1)(d), are made redeemable prior to their respective maturities and the governing body determines that any part of such bonds should be called for redemption according to their terms, it is the duty of the clerk of such municipality, as soon as the governing body has authorized the redemption, to cause notice to be given of such action.    Such notice shall be given by publication at least once in a newspaper customarily used by said municipality for legal notices at least thirty days prior to the date on which said bonds are to be redeemed and paid. Such notice shall contain the date and place on which said bonds shall be redeemed and paid, shall describe the bonds by their legal designation, date, number, and amount, and shall state that after the date so fixed for redemption and payment the interest on said bonds shall cease.    After the date so fixed for redemption and payment, the bonds so called for redemption and payment shall cease to draw interest.     History. Source: L. 75: Entire title R&RE, p. 1141, § 1, effective July 1.    Editor's note:   This section is similar to former § 31-21-213 as it existed prior to 1975.