Colorado Statutes
§ 24-75-911 — No debt created
Notes shall be payable solely from the
revenues pledged thereto, and the owners or holders of the notes may not look to
any other source for repayment of the principal of or interest on the notes. In every
case, the revenues pledged shall be those which are the subject of appropriation
for the current fiscal year and are yet to be credited to the applicable fund. The
notes shall not constitute a debt or an indebtedness of the state within the meaning
of any applicable provision of the state constitution or statutes.
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Legislative History
Source: L. 86: Entire part R&RE, p. 970, � 1, effective July 1.
Nearby Sections
15
§ 24-1-101
Legislative declaration§ 24-1-102
Short title§ 24-1-103
Head of department defined§ 24-1-106
Agencies not enumerated - continuation§ 24-1-109
Office of the governor§ 24-1-110
Principal departments§ 24-1-111
Department of state - creation§ 24-1-112
Department of the treasury - creation§ 24-1-113
Department of law - creation§ 24-1-115
Department of education - creation§ 24-1-117
Department of revenue - creation