LEG00101

• Bill Number: SB04-232
• Year: 2004
• Title: Concerning the creation of a front range water conservation district
• Legislation - Doc Type: Other CWCB Related Bills - Killed

1 OR AUTHORIZING THE CREATION OF AN INDEBTEDNESS ON THE PART OF

2 ANY PUBLIC CORPORATION IN THE DISTRICT. FOR PURPOSES OF THIS

3 SUBSECTION (8), "PUBLlC CORPORATION" MEANS A COUNTY, CITY, TOWN,

4 CITY AND COUNTY, SPECIAL DISTRICT, OR OTHER POLITICAL SUBDIVISION.

5 37-49-503. Preliminary expenses. (1) THE DISTRICT MAY

6 PROVIDE FOR THE PAYMENT OF ALL NECESSARY PRELIMINARY EXPENSES

7 ACTUALLY INCURRED IN CONDUCTING JUDICIAL OR ADMINISTRATIVE

8 PROCEEDINGS REGARDING WATER RIGHTS, THE MAKING OF SURVEYS,

9 ESTIMATES OF COSTS AND REVENUES, THE EMPLOYMENT OF ENGINEERS,

10 ARCHITECTS, FISCAL AGENTS, ATTORNEYS-AT -LAW, CLERICAL HELP, OTHER

11 AGENTS OR EMPLOYEES, THE MAKING OF NOTICES, TAKING OF OPTIONS,

12 AND ALL OTHER EXPENSES NECESSARY OR DESIRABLE TO BE MADE AND

13 PAID PRIOR TO THE AUTHORIZATION FOR OR THE ISSUANCE OF SUCH

14 SECURITIES, AND ANY OTHER COST OF ANY PROJECTS, WORKS, OR

15 FACILITIES.

16 (2) No SUCH EXPENDITURES SHALL BE MADE OR PAID UNLESS AN

17 APPROPRIATION HAS BEEN BUDGETED AND MADE THEREFOR IN THE SAME

18 MANNER AS IS REQUIRED BY LAW,_QIL.l[t-LL~SS~1J:IE_I'E.O.CEEI)S_OF

19 SECURITIES OR OTHER MONEYS ARE AVAILABLE TO DEFRAY SUCH

20 EXPENSES.

21 (3) ANY FUNDS SO EXPENDED BY THE DISTRICT FOR PRELIMINARY

22 EXPENSES INCURRED IN CONNECTION WITH THE SAME PURPOSE AS THAT

23 FOR WHICH SECURITIES ARE ISSUED MAY BE FULLY REIMBURSED AND

24 REPAID TO THE DISTRICT OUT OF THE PROCEEDS DERIVED FROM THE SALE

25 OF SUCH SECURITIES.

26 (4) THE AMOUNT SO ADVANCED BY THE DISTRICT TO PAY SUCH

27 PRELIMINARY EXPENSES MAY, BY A RESOLUTION AUTHORIZING THE

-27-

SB04-232