Colorado § 27-91-103 - Debts in excess of appropriation - emergencies.
Full text of Colorado Colorado Revised Statutes § 27-91-103 — Debts in excess of appropriation - emergencies., with citation guidance and answers to common questions.
§ 27-91-103. Debts in excess of appropriation - emergencies.
The various officers designated by law to control and direct the fiscal affairs of the several state institutions shall not contract within any year any indebtedness in excess of the amount named in any appropriation made for the support of any state institution during that time; but, in cases of emergency, the governor may authorize the contraction of such indebtedness that in his or her judgment is absolutely necessary for the maintenance and support of the institution, until such time as the general assembly meets. The officers of any state institution, supported by the levy of any special tax, shall contract no indebtedness in any year in excess of eighty percent of the gross amount of the levy made for that year from which to support that institution.
Source: L. 2010: Entire article added with relocations, (SB 10-175), ch. 188, p. 768, § 2, effective April 29.
Editor's note: This section is similar to former § 27-2-103 as it existed prior to 2010.
ANNOTATION
Applied in Hoyt v. Trustees of State Normal Sch., 96 Colo. 442, 44 P.2d 513 (1935) (decided prior to 2010 amendments to this article).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 27-91-103
What does Colorado Revised Statutes § 27-91-103 cover?
Section 27-91-103 ("Debts in excess of appropriation - emergencies.") 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 § 27-91-103?
A common citation format is "Colorado Revised Statutes § 27-91-103" (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 § 27-91-103 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.