Colorado § 29-3-117 - Application of proceeds.
Full text of Colorado Colorado Revised Statutes § 29-3-117 — Application of proceeds., with citation guidance and answers to common questions.
§ 29-3-117. Application of proceeds.
(1) The proceeds from the sale of any bonds shall be applied only for the purpose for which the bonds were issued and if, for any reason, any portion of such proceeds are not needed for the purpose for which the bonds were issued, such unneeded portion of the proceeds shall be applied to the payment of the principal of or the interest on the bonds.
(2) The cost of acquiring any project shall be deemed to include the actual cost of acquiring a site and the cost of the construction of any part of a project which may be constructed (including architects' and engineers' fees), the purchase price of any part of a project that may be acquired by purchase, and all expenses in connection with the authorization, sale, and issuance of the bonds to finance such acquisition.
Source: L. 67: p. 676, § 17. C.R.S. 1963: § 36-24-17.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 29-3-117
What does Colorado Revised Statutes § 29-3-117 cover?
Section 29-3-117 ("Application of proceeds.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 29-3-117?
A common citation format is "Colorado Revised Statutes § 29-3-117" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 29-3-117 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.