Colorado Code § 32-1-1301

Legislative declaration - applicability
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It is hereby declared that the orderly
refunding of any general obligation bonds and any other lawful general obligation indebtedness
incurred by any special district, when advantageous to the special district or persons within the
special district, will serve a public use and will promote the health, safety, security, and general
welfare of the inhabitants thereof and of the people of this state. It is hereby further declared to
be the intent of this general assembly that any bonds issued pursuant to this part 13 are not to be
considered as additional debt incurred by the special district. It is the intent of this part 13 to
provide for a uniform mechanism for refunding for special districts.

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