§ 24-37.7-109 — Agreement of the state not to limit or alter rights of obligees

Colorado § 24-37.7-109

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Statewide Internet Portal Authority

Text

The state hereby pledges and agrees with the holders of any bonds or notes issued
under this article and with those parties who enter into contract with the authority
that the state will not limit, alter, restrict, or impair the rights vested in the authority
or the rights or obligations of any person with which it contracts to fulfill the terms
of any agreements made pursuant to this article. The state further agrees that it
will not in any way impair the rights or remedies of the holders of any bonds or
notes of the authority until such bonds or notes have been paid or until adequate
provision for payment has been made. The authority may include this provision and
undertaking for the state in such bonds or notes.

Legislative History

Source: L. 2004: Entire article added, p. 1672, � 1, effective June 3.