Colorado § 37-25-103 - Bonds - issuance - interest.
Full text of Colorado Colorado Revised Statutes § 37-25-103 — Bonds - issuance - interest., with citation guidance and answers to common questions.
§ 37-25-103. Bonds - issuance - interest.
(1) If a majority of the votes cast is "Bonds - Yes", the board of directors shall immediately cause bonds in such amount to be issued payable in series as follows: At the expiration of eleven years, not less than five percent of the whole amount of said bonds; at the expiration of twelve years, not less than six percent of the whole amount of said bonds; at the expiration of thirteen years, not less than seven percent of the whole amount of said bonds; at the expiration of fourteen years, not less than eight percent of the whole amount of said bonds; at the expiration of fifteen years, not less than nine percent of the whole amount of said bonds; at the expiration of sixteen years, not less than ten percent of the whole amount of said bonds; at the expiration of seventeen years, not less than eleven percent of the whole amount of said bonds; at the expiration of eighteen years, not less than thirteen percent of the whole amount of said bonds; at the expiration of nineteen years, not less than fifteen percent of the whole amount of said bonds; and, at the expiration of twenty years, a percentage sufficient to pay off the remainder of said bonds.
(2) The several enumerated percentages shall be of the entire amount of the bond issue.
(3) Each bond must be payable at the given time for its entire amount and not for a percentage.
(4) The bonds shall bear interest at a rate not to exceed eight percent per annum payable semiannually on June 1 and December 1 of each year. The principal and interest shall be payable at the location the board of directors designates in the bond.
Source: L. 11: p. 325, § 63. L. 21: p. 280, § 3. C.L. § 2182. CSA: C. 57, § 83. CRS 53: § 47-6-3. C.R.S. 1963: § 47-6-3. L. 2023: (4) amended, (SB 23-057), ch. 53, p. 189, § 4, effective January 1, 2024.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 37-25-103
What does Colorado Revised Statutes § 37-25-103 cover?
Section 37-25-103 ("Bonds - issuance - interest.") 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 § 37-25-103?
A common citation format is "Colorado Revised Statutes § 37-25-103" (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 § 37-25-103 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.