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Colorado Revised Statutes Title 32. Special Districts § 32-18-106. Financial powers

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) In addition to the general financial powers specified in section 32-1-1101, the board has the power, for and on behalf of the district, to:

(a) Levy and collect a sales tax in accordance with section 32-18-107, subject to the requirements of section 20 of article X of the state constitution; and

(b) Pledge sales tax revenues or any portion thereof for the payment of any indebtedness of the district.

(2) The ordinance or resolution proposing the creation of a forest improvement district may specify a limit on the amount of revenue that a district may receive.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 32. Special Districts § 32-18-106. Financial powers - last updated January 01, 2025 | https://codes.findlaw.com/co/title-32-special-districts/co-rev-st-sect-32-18-106/

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