C.R.S. § 22-30-125.5: Authorization of new bonded indebtedness or assumption of existing bonded indebtedness.

No new bonded indebtedness shall be authorized and no existing bonded indebtedness shall be assumed unless approved by a majority of votes cast by the eligible electors of the school district that will issue or assume such bonded indebtedness at the same election at which the plan of organization is approved or at a subsequent election.