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<br />:tF Tg <br /> <br />, <br /> <br />THE FISCAL RESPONSIBILITY ACT <br /> <br />>. <br />i <br /> <br />Be It Enacted By the People of the State of Colorado: <br /> <br />Article 48 of title 37. Colorado Revised Statutes. is ainended BY THE ADDmON OF A <br /> <br />NEW SECTION to read: <br /> <br />37-48-103.7. Elections - voter approval for obtaining loans. PRIOR TO <br /> <br />OBTAINING ANY LOAN, THE BOARD OF DIREcrORS SHALL CALL FOR AN ELECTION <br />TO BE HELD IN THE COUNTIES OF CONEJOS, ALAMOSA. RIO GRANDE, MINERAL <br />AND SAUGUACHE FOR THE PURPOSE OF OBTAINING VOTER APPROVAL OF THE <br />LOAN. A MAJORTIY OF THE REGISTERED ELEcrORS IN SUCH COUNTIES MUST <br />VOTE IN FAVOR OF THE LOAN BEFORE THE BOARD OF DIREcrORS IS AUTHORIZED <br />) TO OBTAIN SUCH LOAN. <br /> <br />r " r ."...., <br />............. :,;u <br /> <br />) <br />