Colorado § 25-25-123 Proceeds as trust funds

Colorado Statutes

§ 25-25-123 — Proceeds as trust funds

Colorado § 25-25-123

Title 25Public

Art.Colorado Health Facilities Authority

This text of Colorado § 25-25-123 (Proceeds as trust funds) 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. § 25-25-123 (2026).

Text

All moneys received pursuant to this
article, whether as proceeds from the sale of bonds, notes, or other obligations or
as revenues or receipts, shall be deemed to be trust funds to be held and applied
solely as provided in this article. Any officer, bank, or trust company with which
such moneys are deposited shall act as trustee of such moneys and shall hold and
apply the same for the purposes of this article, subject to such regulations as this
article and the resolution authorizing the bonds, notes, or other obligations of any
issue or the trust agreement securing such obligations shall provide.

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All moneys received pursuant to this
article, whether as proceeds from the sale of bonds, notes, or other obligations or
as revenues or receipts, shall be deemed to be trust funds to be held and applied
solely as provided in this article. Any officer, bank, or trust company with which
such moneys are deposited shall act as trustee of such moneys and shall hold and
apply the same for the purposes of this article, subject to such regulations as this
article and the resolution authorizing the bonds, notes, or other obligations of any
issue or the trust agreement securing such obligations shall provide.