Colorado § 24-75-911 No debt created

Colorado Statutes

§ 24-75-911 — No debt created

Colorado § 24-75-911

Title 24Government

Art.State Funds

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Bluebook

Colo. Rev. Stat. § 24-75-911 (2026).

Text

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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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.