§ 11.12. Development bonds.

Latest version.

Without adherence to Section 11.8 or to any other provision or limitation in this Chapter, the City may issue bonds or other obligations pursuant to the County and Municipality Development Revenue Bond Act of the State of Colorado, as heretofore or hereafter amended or supplemented, but no such bonds or obligations shall ever constitute or give rise to a pecuniary liability of the City or a charge against its general credit or taxing powers.

(Ord. No. 1406, § 3, 9-19-1977/11-8-1987; Ord. No. 3712, § 2, 8-6-2001/11-6-2001)

Editor's Note

The above section was approved in an election held on November 8, 1977. This amendment added a new section to the Charter.

State law reference

County and Municipality Development Revenue Bond Act, C.R.S. § 29-3-101 et seq.

                    
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