(1) The board shall call any election by resolution adopted at least thirty days prior to the election. The resolution shall recite: (a) The objects and purposes of the election for which the indebtedness is proposed to be incurred; (b) The estimated cost; (c) How much, if any, of said estimated cost is to be defrayed out of any federal grant or money other than that received from indebtedness to be incurred; (d) The estimated additional annual cost of operation and maintenance of any facility, the acquisition of which the indebtedness, in whole or in part, is to be incurred; (e) The amount of principal of the indebtedness to be incurred therefor, and the maximum net effective interest rate to be paid on such indebtedness; (f) The date upon which the election shall be held; and (g) The name of the designated election official who shall be responsible for conducting the election pursuant to articles 1 to 13 of title 1, C.R.S. (2) and (3) (Deleted by amendment, L. 92, p. 911, § 165, effective January 1, 1993.)
‹ Prev All Colorado sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.