Payment in lieu of taxes

Colorado Constitution (January 1876)

Colo. Const. art. XXVII, s 10 - 10
Permanent Link: http://vlex.com/vid/302116

Id. vLex: VLEX-302116

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Text:

Any acquisitions of real property made by a state agency pursuant to this article shall be subject to payments in lieu of taxes to counties in which said acquisitions are made. Such payments shall be made from moneys made available by the Trust Fund, and shall not exceed the rate of taxation for comparable property classifications.

    This amendment was proposed by initiative, approved by the voters on Nov. 3, 1992, and became effective when proclaimed by the governor on Jan. 14, 1993.