Purpose of tax.
Denver Revised Municipal Code § 53-201
in effectSec. 53-201. - Purpose of tax.
The council declares hereby that the purpose of the levy of the tax imposed by this article is for the raising of funds (a) for the servicing and retirement of revenue bonds and revenue refunding bonds, except airport revenue bonds, issued for the financing of, in whole or in part, or related to, repair or improvement of city facilities and equipment or to make required deposits to any reserve or other similar account established by the manager pursuant to the ordinance authorizing the issuance of such bonds; and (b) for the general welfare and operation of the city; and in accordance with this purpose, all of the proceeds of the tax shall be placed in the unapportioned occupational (head) tax account of the fund plan, section 20-18 of the Code, to be allocated, transferred and disbursed by the manager in accordance with the provisions therein made.
(Ord. No. 1305, § 5, 12-7-20)
Source: City and County of Denver, Revised Municipal Code and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/co/denver/codes/code_of_ordinances?nodeId=TITIIREMUCO_CH53TAMIRE_ARTVEMOCPRTA_DIV1GE_S53-201PUTAFetched: 10/27/2026