Colorado § 32-15-112 - Operating revenues - use.
Full text of Colorado Colorado Revised Statutes § 32-15-112 — Operating revenues - use., with citation guidance and answers to common questions.
§ 32-15-112. Operating revenues - use.
(1) Any operating revenues generated by the district, including, but not limited to, lease payments, fees, rentals, rates, tolls, penalties, and charges for services, programs, or facilities furnished by the district, shall be used by the board for the following purposes:
(a) To pay the principal, interest, and prepayment premium, if any, on outstanding special obligation bonds issued by the board pursuant to the provisions of this article;
(b) To pay for the expenses incurred by the board in the general operation of the stadium;
(c) To provide for the repair and maintenance of the stadium;
(d) To provide for capital improvements to the stadium;
(e) To provide the counties within the district and the city and county of Denver with a benefit from the revenues, other than sales tax revenues or admissions tax revenues, derived from the operation of the stadium during the period of time the district is collecting the sales tax.
(2) If operating revenues and sales tax revenues are insufficient for all of the purposes set forth in subsection (1) of this section, the purpose set forth in paragraph (a) of said subsection (1) shall have first priority of such operating revenues if such operating revenues are pledged to secure the payment of the special obligation bonds.
Source: L. 96: Entire article added, p. 1069, § 1, effective May 23. L. 98: (1)(e) amended, p. 508, § 8, effective April 22.
Frequently Asked Questions About Colorado § 32-15-112
What does Colorado Revised Statutes § 32-15-112 cover?
Section 32-15-112 ("Operating revenues - use.") 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 § 32-15-112?
A common citation format is "Colorado Revised Statutes § 32-15-112" (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 § 32-15-112 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.