BOARD01726

• Board Meeting Date: 3/22/2005
• Description: Current State Legislative Issues
• Board Meetings - Doc Type: Memo

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TillS SECTION. OF THE MILL LEVY AUTHORIZED BY THE ELECTORS OF THE
DISTRICT OR ANY SUBDISTRICT, NOT MORE THAN ONE MILL SHALL BE FOR
DISTRICT ADMINISTRATIVE EXPENSES.
(4) THE BOARD, IN CERTIFYING ANNUAL LEVIES, SHALL TAKE INTO
ACCOUNT THE MATURING INDEBTEDNESS FOR THE ENSUING YEAR AS
PROVIDED IN ITS CONTRACTS, MATURING BONDS, INTEREST ON BONDS, AND
DEFICIENCIES AND DEFAULTS OF PRIOR YEARS AND SHALL MAKE AMPLE
PROVISION FOR THEPA YMENTTHEREOF. IF THE MONEYS PRODUCED FROM
SUCH LEVIES, TOGETHER WITH OTHER REVENUES OF THE DISTRICT, ARE
NOT SUFFICIENT TO PAY PUNCTUALLY THE ANNUAL INSTALLMENTS ON ITS
CONTRACTS OR BONDS, INTEREST, AND DEFAULTS AND DEFICIENCIES, THE
BOARD SHALL MAKE SUCH ADDmONAL LEVIES OF TAXES AS MAY BE
NECESSARY FOR SUCH PURPOSES, AND, NOTWITHSTANDING ANY
LIMITATION PROVIDED IN THIS ARTICLE, SUCH TAXES SHALL BE MADE AND
CONTINUE TO BE LEVIED UNTIL THE INDEBTEDNESS OF THE DISTRICT IS
FULLY PAID.
(S) IN ACCORDANCE WITH THE SCHEDULE PRESCRIBED BY SECTION
39-5-128, c.R.S., THE BOARD SHALL CERTIFY TO THE BOARD OF COUNTY
COMMISSIONERS OF EACH COUNTY WITIDN THE DISTRICT, OR HAVING A
PORTION OF ITS TERRITORY WITHIN THE DISTRICT, THE RATE SO FIXED IN
ORDER THAT, AT THE TIME AND IN THE MANNER REQUIRED BY LAW FOR THE
LEVYING OF TAXES, SUCH BOARD OFCOUNTY COMMISSIONERS SHALL LEVY
SUCH TAX UPON THE VALUATION FOR ASSESSMENT OF ALL TAXABLE
PROPERTY WITHIN THE DISTRICT.
37-49-110. Property tax perpetual lien. IT IS THE DUTY OF THE
BODY HAVING AUTHORITY TO LEVY TAXES WITHIN EACH COUNTY TO LEVY
THE TAXES PROVIDED BY SECTION 37-49-109. IT IS THE DUTY OF ALL

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HB05-1298