Colorado § 31-21-303 - Construction - disposition of delinquent assessment.
Full text of Colorado Colorado Revised Statutes § 31-21-303 — Construction - disposition of delinquent assessment., with citation guidance and answers to common questions.
§ 31-21-303. Construction - disposition of delinquent assessment.
Nothing in this part 3 shall release or discharge any special assessment which is a lien on or against any property. Any municipality issuing bonds under this part 3 shall be subrogated to the rights of the holders or owners of the outstanding special assessment bonds or obligations paid. If, after the issuance of bonds authorized by this part 3, the delinquent or defaulted special assessments, or any part thereof, are collected and the special assessment bonds or obligations payable out of the particular special assessment fund have been redeemed by means of bonds issued under this part 3, the amounts so collected shall be used to pay the principal of and the interest on the bonds authorized and the tax levies therefor shall be reduced in a like manner.
Source: L. 75: Entire title R&RE, p. 1142, § 1, effective July 1.
Editor's note: This section is similar to former § 31-21-304 as it existed prior to 1975.
PART 4
PAYMENT BY TAX LEVY ON PETITION OF ELECTORS
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 31-21-303
What does Colorado Revised Statutes § 31-21-303 cover?
Section 31-21-303 ("Construction - disposition of delinquent assessment.") 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 § 31-21-303?
A common citation format is "Colorado Revised Statutes § 31-21-303" (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 § 31-21-303 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.