Colorado § 22-30-126 - Limit of bonded indebtedness - new school district.
Full text of Colorado Colorado Revised Statutes § 22-30-126 — Limit of bonded indebtedness - new school district., with citation guidance and answers to common questions.
§ 22-30-126. Limit of bonded indebtedness - new school district.
(1) Any new school district organized under this article shall have a limit of bonded indebtedness of the greater of the following:
(a) Twenty percent of the latest valuation for assessment of the taxable property in such school district, as certified by the county assessor to the board of county commissioners; or
(b) Six percent of the most recent determination of the actual value of the taxable property in the school district, as certified by the county assessor to the board of county commissioners.
(2) The indebtedness of the old school districts or parts of school districts constituting the new school districts shall not be considered in fixing the limit of bonded indebtedness; but, if any new school district shall assume the bonded indebtedness of any school district or school districts, or a proportionate share thereof, existing at the time of inclusion in the new school district, pursuant to the provisions of section 22-30-125, such bonded indebtedness shall be included in the limitation.
Source: L. 92: Entire article R&RE, p. 513, § 1, effective June 1. L. 96: Entire section amended, p. 60, § 16, effective July 1.
Editor's note: This section is similar to former § 22-30-129 as it existed prior to 1992.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 22-30-126
What does Colorado Revised Statutes § 22-30-126 cover?
Section 22-30-126 ("Limit of bonded indebtedness - new school district.") 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 § 22-30-126?
A common citation format is "Colorado Revised Statutes § 22-30-126" (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 § 22-30-126 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.