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 AS COLLATERAL SECURITY TO SECURE THE PAYMENT OF SUCH NOTE MAY

2 BE REISSUED WITHOUT AN ELECTION, AND ANY BONDS NOT PREVIOUSLY

3 ISSUED BUT AUTHORIZED TO BE ISSUED AT AN ELECTION FOR A PURPOSE

4 THE SAME AS OR ENCOMPASSING THE PURPOSE FOR WHICH THE NOTES

5 WERE ISSUED MAY BE ISSUED FOR SUCH A FUNDING. NOTWITHSTANDING

6 ANY OTHER PROVISION OF LAW, ANY BOND TO BE ISSUED FOR THE PURPOSE

7 OF FUNDING ANY NOTE BY THE DISTRICT THAT QUALIFIES AS AN

8 ENTERPRISE IN ACCORDANCE WITH SECTION 20 (2) (d) OF ARTICLE X OF

9 THE STATE CONSTITUTION MAY BE ISSUED WITHOUT AN ELECTION. ANY

10 SUCH BONDS SHALL MATURE AT SUCH TIMES AS THE BOARD MAY

11 DETERMINE BUT IN NO EVENT EXCEEDING FORTY YEARS AFTER THE DATE

12 OF EITHER ANY OF THE NOTES SO FUNDED OR ANY OF THE BONDS SO

13 PLEDGED AS COLLATERAL SECURITY, WHICHEVER DATE IS EARLIER.

14 BONDS FOR FUNDING, INCLUDING BUT NOT LIMITED TO ANY SUCH REISSUED

15 BONDS, AND BONDS FOR ANY OTHER PURPOSE AUTHORIZED IN THIS

16 ARTICLE, MAY BE ISSUED SEPARATELY OR ISSUED IN COMBINATION IN ONE

17 SERIES OR MORE. EXCEPT AS OTHERWISE PROVIDED IN THIS SECTION, ANY

18 SUCH FUNDING BONDS SHALL BE ISSUED AS IS PROVIDED FOR REFUNDING

19 BONDS IN SECTION 37 -49-610 AND PROVIDED FOR SECURITIES IN SECTIONS

20 37-49-601 TO 37-49-609 AND SECTION 37-49-611.

21 PART 7

22 ELECTIONS

23 37-49-701. Elections. (1) EXCEPTFORELECTIONSTOTHEBOARD

24 OF DIRECTORS, WHEREVER IN THIS ARTICLE AN ELECTION IS PERMITTED OR

25 REQUIRED, THE ELECTIONS MAY BE HELD SEPARATELY, IN NOVEMBER OF

26 ODD-NUMBERED YEARS, OR MAY BE COORDINATED WITH ANY GENERAL

27 ELECTION HELD UNDER THE LAWS OF THIS STATE. THE ELECTIONS SHALL

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SB04-232