{"data":{"id":"us-co/c.r.s.-32-11-531","jurisdiction":"us-co","citation":"C.R.S. § 32-11-531","heading":"Securities constituting indebtedness.","body":"(1) Any outstanding general obligation bonds, any temporary general obligation bonds to be exchanged for such definitive bonds, and any general obligation interim debentures constitute outstanding indebtedness of the district and exhaust the debt-incurring power of the district under the debt limitation pertaining thereto in section 32-11-534.\n\n(2) Any general obligation notes and general obligation warrants shall be issued within budget limitations and unencumbered appropriations and shall not constitute indebtedness.","path":["Title 32 - SPECIAL DISTRICTS","Article 11 - Urban Drainage and Flood Control Act","Part 5 - INDEBTEDNESS AND FINANCIAL PROVISIONS"],"source_url":"https://olls.info/crs/crs2026-title-32.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"1e1183a4008debd916b1d12f282b4a09e24583b339b40ef7b901990685256f4f","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-32-11-530","next":"us-co/c.r.s.-32-11-532"},"notice":"GroundRules: Original legal text. Not legal advice."}