§ 30-26-506 — Pledge of revenues, funds, or other property lien

Any pledge
of revenues, moneys, funds, or other property made by a county pursuant to the
provisions of this part 5 shall be valid and binding from the time when the pledge is
made; the revenues, moneys, funds, or other property so pledged and thereafter
received by such county shall immediately be subject to the lien of such pledge
without any physical delivery thereof or further act. 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 county, irrespective of whether such parties have
notice thereof. Any resolution or any other instrument by which a pledge of
revenues, moneys, or funds is created shall be filed or recorded with the county.

Legislative History

Source: L. 82: Entire part added, p. 488, � 1, effective July 1.