15-1402. Community college districts; requirements

A. Community college districts may be organized under the provisions of this chapter for a single county, two or more contiguous counties or an existing community college district and contiguous counties not part of any community college district if the proposed district has a primary assessed valuation, based on the valuation for the preceding year, of at least four hundred forty-eight million, seventeen thousand, two hundred dollars and a minimum population of forty thousand persons who are fifteen or more years of age, as determined by the most recent federal census.

B. Beginning with fiscal year 1993-1994, the minimum primary assessed valuation required to organize a community college district as provided in subsection A increases each year by the percentage change in total primary assessed valuation for all of the districts with a population of less than five hundred thousand persons according to the most recent United States decennial census using actual primary assessed valuation numbers from the prior two years.

15-1402. Community college districts; requirements

A. Community college districts may be organized under the provisions of this chapter for a single county, two or more contiguous counties or an existing community college district and contiguous counties not part of any community college district if the proposed district has a primary assessed valuation, based on the valuation for the preceding year, of at least four hundred forty-eight million, seventeen thousand, two hundred dollars and a minimum population of forty thousand persons who are fifteen or more years of age, as determined by the most recent federal census.

B. Beginning with fiscal year 1993-1994, the minimum primary assessed valuation required to organize a community college district as provided in subsection A increases each year by the percentage change in total primary assessed valuation for all of the districts with a population of less than five hundred thousand persons according to the most recent United States decennial census using actual primary assessed valuation numbers from the prior two years.