Colorado § 32-7-119 - Levies to cover deficiencies.
Full text of Colorado Colorado Revised Statutes § 32-7-119 — Levies to cover deficiencies., with citation guidance and answers to common questions.
§ 32-7-119. Levies to cover deficiencies.
The board, in certifying annual levies, shall take into account the maturing indebtedness for the ensuing year as provided in its contract, maturing bonds and interest on bonds, and deficiencies and defaults of prior years, and shall make ample provision for the payment thereof. In case the moneys produced from such levies, together with other revenues of the service authority, are not sufficient to pay punctually the annual installments on its contracts or bonds, and interest thereon, and to pay defaults and deficiencies, the board shall make such additional levies of taxes as may be necessary for such purposes, and such taxes shall continue to be levied until the indebtedness of the service authority is fully paid.
Source: L. 72: p. 468, § 1. C.R.S. 1963: § 89-25-19.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 32-7-119
What does Colorado Revised Statutes § 32-7-119 cover?
Section 32-7-119 ("Levies to cover deficiencies.") 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 § 32-7-119?
A common citation format is "Colorado Revised Statutes § 32-7-119" (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 § 32-7-119 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.