Colorado § 23-71-522 - Changes in boundaries - liability.
Full text of Colorado Colorado Revised Statutes § 23-71-522 — Changes in boundaries - liability., with citation guidance and answers to common questions.
§ 23-71-522. Changes in boundaries - liability.
(1) Nothing in this part 5 or in any other provision of law shall release the taxable property within a district which incurred bonded indebtedness from liability for its proportionate share of the outstanding obligations thereof.
(2) The taxable property located within the territory of a district which is dissolved shall be liable for its proportionate share of the bonded indebtedness incurred by the district.
(3) The taxable property of a district which is detached and annexed shall be liable for its proportionate share of the bonded indebtedness previously incurred by the annexing district.
Source: L. 75: Entire article added, p. 775, § 1, effective July 1.
Frequently Asked Questions About Colorado § 23-71-522
What does Colorado Revised Statutes § 23-71-522 cover?
Section 23-71-522 ("Changes in boundaries - liability.") 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 § 23-71-522?
A common citation format is "Colorado Revised Statutes § 23-71-522" (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 § 23-71-522 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.