LEG00212

• Bill Number: HB05-1298
• Year: 2005
• Title: Concerning creation of the Douglas-Arapahoe water conservation district
• Legislation - Doc Type: Other CWCB Related Bills - Killed

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QUESTIONS AS ARE NECESSARY AND CONVENIENT FOR THE PURPOSES OF

TIffi DISTRICT. THE DISTRICT SHALL NOT ISSUE BONDS, INDEBTEDNESS, OR

OTHER MULTll'LE FISCAL YEAR FINANCIAL OBLIGATION, NOR LEVY ANY

TAX, UNLESS APPROVED IN AN ELECTION AS REQUIRED BY SECTION 20 OF

ARTICLE X OF TIffi STATE CONSTITUTION OR OTIffiRLAW.

(2) WHEN TIffi BOARD DETERMINES THAT TIffi INTEREST OF THE

DISTRICT AND THE PUBLIC INTEREST OR NECESSITY DEMAND THE

ACQUISITION, CONSTRUCTION, INSTALLATION, OR COMPLETION OF ANY

FACILITIES, THE PROVISION OF ANY SERVICE, OR THE MAKING OF ANY

CONTRACT TO CARRY OUT THE OBJECTS OR PURPOSES OF TIffi DISTRICT

REQUIRING TIffiCREATION OF AN INDEBTEDNESS, TIffi BOARD SHALL ORDER

THE SUBMISSION TO THE ELECTORS OF TIffi PROPOSITION OF ISSUING SUCH

OBLIGATIONS OR BONDS OR CREATING OTIffiR INDEBTEDNESS AT AN

ELECTION HELD FOR THAT PURPOSE. SUCH ELECTION SHALL BE HELD AND

CONDUCTED AND TIffi RESULTS DECLARED IN TIffi MANNER PROVIDED IN

THIS ARTICLE. ANY SUCH ELECTION MAY BE HELD ON ANY DATE

AUTHORIZED BY COLORADO LAW, SEPARATELY, CONSOLIDATED, OR

CONCURRENTLY WITH ANY OTIffiR ELECTION. THE DECLARATION OF

PUBLIC INTEREST OR NECESSITY REQUIRED AND THE PROVISIONS FOR THE

HOLDING OF SUCH ELECTION MA YBEINCLUDED WITHIN ONE AND TIffi SAME

RESOLUTION, WHICH, IN ADDITION TO SUCH DECLARATION OF PUBLIC

INTEREST OR NECESSITY, SHALL RECITE THE OBJECTS AND PURPOSES FOR

WHICH TIffi INDEBTEDNESS IS PROPOSED TO BE INCURRED, TIffi ESTIMATED

COST OF THE FACILITIES OR SERVICES, AS THE CASE MAY BE, THE AMOUNT

OF TIffi PRINCll'AL OF THE INDEBTEDNESS TO BE INCURRED, AND THE

MAXIMUM NET EFFECTIVE INTEREST RATE TO BE PAID ON SUCH

INDEBTEDNESS.

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HB05-1298