Colorado § 31-20-302 - Penalty for using municipal funds.
Full text of Colorado Colorado Revised Statutes § 31-20-302 — Penalty for using municipal funds., with citation guidance and answers to common questions.
§ 31-20-302. Penalty for using municipal funds.
The treasurer is expressly prohibited from using, either directly or indirectly, the municipal money or warrants in his custody and keeping them for his own use or benefit or that of any other person. Any violation of this provision shall subject him to immediate removal from office by the governing body which is authorized to declare said office vacant, in which case his successor shall be appointed and shall hold office for the remainder of the unexpired term of such officer so removed.
Source: L. 75: Entire title R&RE, p. 1130, § 1, effective July 1.
Editor's note: This section is similar to former § 31-20-306 as it existed prior to 1975.
ANNOTATION
A city treasurer who deposits the money of the city in a bank is liable therefor if lost by the failure of the bank. Babcock v. City of Rocky Ford, 25 Colo. App. 312, 137 P. 899 (1914).
Except when bank specified by ordinance. Where an ordinance of a Colorado city of the second class expressly made it the duty of and ordered the city treasurer to remit certain moneys to a bank named in the ordinance for the purpose of paying interest on bonds issued by the city, and moneys so remitted by the city treasurer in compliance with the ordinance were lost due to the failure of the bank, such city treasurer, together with the surety upon his official bond was not liable to the city on account of such loss. McBride v. People ex rel. City of Trinidad, 111 Colo. 577, 144 P.2d 777 (1943).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 31-20-302
What does Colorado Revised Statutes § 31-20-302 cover?
Section 31-20-302 ("Penalty for using municipal funds.") 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 § 31-20-302?
A common citation format is "Colorado Revised Statutes § 31-20-302" (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 § 31-20-302 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.