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The County has participated in several issues of private activity bonds and single family mortgage revenue bonds. These bonds are not direct or contingent liabilities of the County. Revenues from the facilities constructed or from mortgages are pledged for the total payment of principal and interest. Bondholders can only look to these sources for repayment. In addition, under Colorado Library Law, the County serves as the issuer for Library District bonds. These bonds are payable solely from general ad valorem taxes levied on all taxable property located within the library district.

As of December 31, 1999, there were seven series of private activity bonds, three series of single family mortgage revenue bonds, and one series of library bonds outstanding. The principal amount outstanding for the three series issued after January 1, 1996 was $10.185 million. The original issue amount of bonds issued prior to 1996 was $36.8 million.

Back to 1999 Financial Report