Colorado § 25-25-119 Rents and charges

Colorado Statutes

§ 25-25-119 — Rents and charges

Colorado § 25-25-119

Title 25Public

Art.Colorado Health Facilities Authority

This text of Colorado § 25-25-119 (Rents and charges) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 25-25-119 (2026).

Text

A sufficient amount of the revenues derived
in respect of a facility, except such part of such revenues as may be necessary to
pay the cost of maintenance, repair, and operation and to provide reserves and for
renewals, replacements, extensions, enlargements, and improvements as may be
provided for in the resolution authorizing the issuance of any bonds or notes of the
authority or in the trust agreement securing the same, shall be set aside at such
regular intervals as may be provided in such resolution or trust agreement in a
sinking or other similar fund, which is hereby pledged to and charged with the
payment of the principal of and the interest on such bonds or notes as the same
shall become due and the redemption price or the purchase price of bonds retired
by call or purch

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A sufficient amount of the revenues derived
in respect of a facility, except such part of such revenues as may be necessary to
pay the cost of maintenance, repair, and operation and to provide reserves and for
renewals, replacements, extensions, enlargements, and improvements as may be
provided for in the resolution authorizing the issuance of any bonds or notes of the
authority or in the trust agreement securing the same, shall be set aside at such
regular intervals as may be provided in such resolution or trust agreement in a
sinking or other similar fund, which is hereby pledged to and charged with the
payment of the principal of and the interest on such bonds or notes as the same
shall become due and the redemption price or the purchase price of bonds retired
by call or purchase as therein provided. Such pledge shall be valid and binding from
the time when the pledge is made; and the rates, rents, fees, charges, and other
revenues or other moneys so pledged and thereafter received by the authority shall
immediately be subject to the lien of such pledge without any physical delivery
thereof or further act, and the lien of any such pledge shall be valid and binding as
against all parties having claims of any kind in tort, contract, or otherwise against
the authority, irrespective of whether such parties have notice thereof. Neither the
resolution, any trust agreement, any other agreement, nor any lease by which a
pledge is created need be filed or recorded except in the records of the authority.
The use and disposition of moneys to the credit of such sinking or other similar fund
shall be subject to the resolution authorizing the issuance of such bonds or notes or
of such trust agreement. Except as may otherwise be provided in such resolution or
such trust agreement, such sinking or other similar fund may be a fund for all such
bonds or notes issued to finance facilities at a particular health institution without
distinction or priority of one over another; except that the authority in any such
resolution or trust agreement may provide that such sinking or other similar fund
shall be the fund for a particular facility at a health institution and for the bonds
issued to finance a particular facility and may, additionally, permit and provide for
the issuance of bonds having a lien in respect of the security authorized which is
subordinate to other bonds of the authority, and, in such case, the authority may
create separate sinking or other similar funds in respect of such subordinate lien
bonds.