Colorado § 22-45-103.5 - Legislative declaration - construction of statute - no impairment of contract.
Full text of Colorado Colorado Revised Statutes § 22-45-103.5 — Legislative declaration - construction of statute - no impairment of contract., with citation guidance and answers to common questions.
§ 22-45-103.5. Legislative declaration - construction of statute - no impairment of contract.
(1) The general assembly hereby finds and declares that a small number of school districts have entered into financing arrangements which contemplate that moneys in the districts' bond redemption fund may be used, or that a levy for the bond redemption fund may be made, to pay for capital projects which have not been authorized by the voters of the districts. In light of the long-standing view that the bond redemption fund is reserved for voter-approved projects, the general assembly finds that such financing arrangements are not in the interests of school district taxpayers and declares that its intent in enacting section 22-45-103 (1)(b) is to assure that such arrangements will not be entered into in the future.
(2) In recognition of the fact that some school districts have entered into financing arrangements which may not comply with the provisions of section 22-45-103 (1)(b), the general assembly declares that nothing in said section or in any other law shall be construed to impair any contract in existence on May 31, 1985, if said contract was validly entered into under the statutes in force at the time of entering said contract. Nothing in this section or in section 22-45-103 (1)(b) shall be construed to validate or to invalidate any financial arrangement entered into prior to May 31, 1985.
Source: L. 85: Entire section added, p. 733, § 2, effective May 31.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 22-45-103.5
What does Colorado Revised Statutes § 22-45-103.5 cover?
Section 22-45-103.5 ("Legislative declaration - construction of statute - no impairment of contract.") 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 § 22-45-103.5?
A common citation format is "Colorado Revised Statutes § 22-45-103.5" (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 § 22-45-103.5 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.