Colorado § 37-5-101 - Funds - definitions.
Full text of Colorado Colorado Revised Statutes § 37-5-101 — Funds - definitions., with citation guidance and answers to common questions.
§ 37-5-101. Funds - definitions.
(1) The moneys of every conservancy district organized under articles 1 to 8 of this title shall consist of the following separate funds:
(a) "Preliminary funds" means the proceeds of the level rate assessment authorized by section 37-5-102.
(b) "Construction fund" means the proceeds of levies made against the special benefits appraised, equalized, and confirmed under the provisions of articles 1 to 8 of this title.
(c) "Maintenance fund" means the proceeds of a special assessment to be levied annually for the purpose of upkeep, administration, and current expenses as provided in said articles. Moneys received by the district from any other source shall be placed in any fund which the board of directors orders.
(2) No vouchers shall be drawn against the preliminary fund or against the maintenance fund until an assessment levying resolution has been properly passed by the board of directors and duly entered upon its records. No bonds shall be issued against the construction fund until an assessment levying resolution has been properly passed by the board of directors and duly entered upon its records and until the property owners have been given an opportunity for a period of not less than sixty days to pay in cash the assessment so levied against their respective properties.
Source: L. 22: p. 43, § 41. C.L. § 9555. CSA: C. 138, § 166. CRS 53: § 30-5-1. C.R.S. 1963: § 29-5-1.
ANNOTATION
The assessment provisions of the conservancy district law held not to be in contravention of the due process clause of the federal and state constitutions. People ex rel. Setters v. Lee, 72 Colo. 598, 213 P. 583 (1923).
Frequently Asked Questions About Colorado § 37-5-101
What does Colorado Revised Statutes § 37-5-101 cover?
Section 37-5-101 ("Funds - 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 § 37-5-101?
A common citation format is "Colorado Revised Statutes § 37-5-101" (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 § 37-5-101 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.