Colorado § 32-1-1402 - Definitions.
Full text of Colorado Colorado Revised Statutes § 32-1-1402 — Definitions., with citation guidance and answers to common questions.
§ 32-1-1402. Definitions.
As used in this part 14, unless the context otherwise requires:
(1) "Federal bankruptcy law" means chapter 9 of title 11, U.S.C., as the same may be from time to time amended, or any act of congress relating to the adjustment or composition of indebtedness of municipalities enacted pursuant to article I, section 8, clause 4, of the United States constitution concerning uniform laws on the subject of bankruptcy.
(2) "Insolvent taxing district" means a taxing district which is able to show to the United States bankruptcy court in and for the district of Colorado that it has been unsuccessful with other existing alternatives to bankruptcy and which would be unable to discharge its obligations as they become due by means of a mill levy of not less than one hundred mills to be imposed by:
(a) The taxing district; or
(b) Any other taxing district pursuant to a contract which pledges the revenues of such contract to the payment of such obligations.
(3) "Plan" means a plan for the adjustment of the debtor's debts under federal bankruptcy law filed by an insolvent taxing district.
(4) "Taxing district" means a special district which is organized or acting under the provisions of this article.
Source: L. 90: Entire part added, p. 1508, § 1, effective May 24.
Frequently Asked Questions About Colorado § 32-1-1402
What does Colorado Revised Statutes § 32-1-1402 cover?
Section 32-1-1402 ("Definitions.") 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 § 32-1-1402?
A common citation format is "Colorado Revised Statutes § 32-1-1402" (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 § 32-1-1402 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.