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. As of December 31, 1998, there were seven series of private activity bonds and three series of single family mortgage revenue bonds outstanding. The principal amount outstanding for the two series issued after January 1, 1996 was $9,835,000. The original issue amount of bonds issued prior to 1996 was $36.8 million.

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. The original issue amount of library bonds issued prior to 1996 was $1,350,000.