Colorado Code § 37-26-111

Assessment to pay bonds and interest
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The refunding bonds and interest
thereon shall be paid from annual assessments levied upon the real property within the district,
and such real property shall be and remain liable to be assessed for such payments. Except when
refunding bonds are issued for unpaid matured interest, no existing lien or liability created by an
original issue of bonds shall be increased by issuing bonds to refund such original bonds. The
board of directors of any district issuing refunding bonds shall take the same steps and adopt the
same proceedings with respect to ordering and certifying such annual assessments, and county
officers shall collect and enforce the same in the same manner as provided by law for the levy,
certification, and collection of assessments for the payment of bonds refunded and interest
thereon; except that amounts for principal and interest shall be ordered, certified, and collected
separately.

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