Colorado Statutes
§ 32-11-502 — Limitations upon security
(1)The payment of district securities
or any other obligations of the district shall not be secured by an encumbrance,
mortgage, or other pledge of property of the district, except for its pledged
revenues, proceeds of taxes, proceeds of assessments, and any other moneys
pledged for the payment of the securities or such other obligations.
(2)No property of the district subject to such exception shall be liable to be
forfeited or taken in payment of any district securities or other obligations of the
district.
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Legislative History
Source: L. 69: p. 766, � 44. C.R.S. 1963: � 89-21-44.
Nearby Sections
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§ 32-1-1001
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Short title§ 32-1-102
Legislative declaration§ 32-1-103
Definitions§ 32-1-104.8
Information statement regarding taxes and debt§ 32-1-106
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Early hearings