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CO SB057
Bill
AI Summary
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Removes the requirement that county treasurers automatically serve as ex officio treasurers for drainage and irrigation districts, allowing districts to appoint their own district treasurers instead.
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Changes county treasurer fee structure for collecting district assessments from a flat $25-$100 annual fee (through December 31, 2025) to 0.25% of all money received for assessments (effective January 1, 2026).
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Requires drainage and irrigation district boards of directors to appoint a separate district treasurer to manage district funds and bond accounts.
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Modifies county treasurer duties to collect district assessments under existing tax collection procedures and distribute them to the district treasurer per Section 39-10-107.
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Takes effect January 1, 2024, subject to voter approval if a referendum petition is filed within 90 days after the legislative session ends.
Legislative Description
County Treasurer No Longer Ex Officio District Treasurer
Last Action
Governor Signed
4/3/2023