Colorado § 36-5-106 - Payments - interest - expense.
Full text of Colorado Colorado Revised Statutes § 36-5-106 — Payments - interest - expense., with citation guidance and answers to common questions.
§ 36-5-106. Payments - interest - expense.
Payment for the lands shall in all cases be made as provided for by law; but, if the person upon whose application said lands are offered for sale is the successful bidder, then, and not otherwise, the following terms for payment shall apply: The sum bid, or any part thereof, shall not be due until twenty years from the date of said sale, when it shall be paid in full. All or any portion of the sum bid may be payable at any semiannual period. All sums bid shall bear interest at six percent per annum until paid. The interest shall be due and payable annually. Payment of the first three payments of said interest shall be deferrable at the option of such purchasing applicant until the end of the third year. The state board of land commissioners has the power, but shall be under no obligation, to grant other extensions of time for the payment of interest, and all such overdue interest shall draw interest at six percent until paid. The expenses of such sale shall in all cases be paid by the applicant.
Source: L. 21: p. 662, § 6. C.L. § 1207. CSA: C. 134, § 106. CRS 53: § 112-5-6. C.R.S. 1963: § 112-5-6.
Cross references: For terms of payment on the sale of state lands, see § 36-5-112.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 36-5-106
What does Colorado Revised Statutes § 36-5-106 cover?
Section 36-5-106 ("Payments - interest - expense.") 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 § 36-5-106?
A common citation format is "Colorado Revised Statutes § 36-5-106" (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 § 36-5-106 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.