Colorado § 31-20-402 - Funds - how used.
Full text of Colorado Colorado Revised Statutes § 31-20-402 — Funds - how used., with citation guidance and answers to common questions.
§ 31-20-402. Funds - how used.
All moneys received on any special assessment shall be held by the treasurer as a special fund to be applied to the payment of the improvement for which the assessment was made. Said money shall be used for no purpose whatever other than to reimburse the city or town for money expended for such improvement. All moneys received for account of the general fund shall be held by the treasurer in the general fund and shall be used for no purpose other than that for which they were appropriated, collected, or received except to reimburse any special fund to which the general fund may be indebted.
Source: L. 75: Entire title R&RE, p. 1132, § 1, effective July 1.
Editor's note: This section is similar to former § 31-20-402 as it existed prior to 1975.
Frequently Asked Questions About Colorado § 31-20-402
What does Colorado Revised Statutes § 31-20-402 cover?
Section 31-20-402 ("Funds - how used.") 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 § 31-20-402?
A common citation format is "Colorado Revised Statutes § 31-20-402" (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 § 31-20-402 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.