Colorado § 32-11-531 - Securities constituting indebtedness.
Full text of Colorado Colorado Revised Statutes § 32-11-531 — Securities constituting indebtedness., with citation guidance and answers to common questions.
§ 32-11-531. Securities constituting indebtedness.
(1) Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures constitute outstanding indebtedness of the district and exhaust the debt-incurring power of the district under the debt limitation pertaining thereto in section 32-11-534.
(2) Any general obligation notes and general obligation warrants shall be issued within budget limitations and unencumbered appropriations and shall not constitute indebtedness.
Source: L. 69: p. 772, § 73. C.R.S. 1963: § 89-21-73.
Frequently Asked Questions About Colorado § 32-11-531
What does Colorado Revised Statutes § 32-11-531 cover?
Section 32-11-531 ("Securities constituting indebtedness.") 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 § 32-11-531?
A common citation format is "Colorado Revised Statutes § 32-11-531" (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 § 32-11-531 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.