Colorado § 30-20-519 - Reserve fund.
Full text of Colorado Colorado Revised Statutes § 30-20-519 — Reserve fund., with citation guidance and answers to common questions.
§ 30-20-519. Reserve fund.
Whenever any indebtedness has been incurred by a district, it is lawful for the board to levy taxes and collect revenue for the purpose of creating a reserve fund in such amount as the board may determine, which may be used to meet the obligations of the district, for operating charges and depreciation, and to provide extensions and betterments of the authorized improvements of the district.
Source: L. 68: p. 168, § 18. C.R.S. 1963: § 36-25-18.
Editor's note: This section was originally numbered as § 30-20-518 in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.
Frequently Asked Questions About Colorado § 30-20-519
What does Colorado Revised Statutes § 30-20-519 cover?
Section 30-20-519 ("Reserve fund.") 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 § 30-20-519?
A common citation format is "Colorado Revised Statutes § 30-20-519" (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 § 30-20-519 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.