Colorado § 35-65-306 Provision of bond resolution - covenants

Colorado Statutes

§ 35-65-306 — Provision of bond resolution - covenants

Colorado·Title 35 Agriculture·Art. Fairs

(1)A resolution pertaining to issuance of bonds under this part 3 may contain covenants as to:

(a)The purpose to which the proceeds of sale of the bonds may be applied and to the use and disposition thereof;

(b)The use and disposition of the revenues of the project for which the bonds are to be issued;

(c)Such matters as are customary in the issuance of revenue bonds including without limitation the issuance and lien position of other or additional bonds, payable from the net revenue received for the operation of the additional facilities acquired or provided pursuant to this part 3 and contributions from nonstate sources for such facilities;

(d)Books of account and the inspection and audit thereof.

(2)Any resolution made pursuant to the terms of this part 3 shall be deem

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(1) A resolution
pertaining to issuance of bonds under this part 3 may contain covenants as to:

(a) The purpose to which the proceeds of sale of the bonds may be applied
and to the use and disposition thereof;

(b) The use and disposition of the revenues of the project for which the
bonds are to be issued;

(c) Such matters as are customary in the issuance of revenue bonds
including without limitation the issuance and lien position of other or additional
bonds, payable from the net revenue received for the operation of the additional
facilities acquired or provided pursuant to this part 3 and contributions from
nonstate sources for such facilities;

(d) Books of account and the inspection and audit thereof.

(2) Any resolution made pursuant to the terms of this part 3 shall be deemed
a contract with the holders of the bonds, and the duties of the board under such
resolution shall be enforceable by any appropriate action in a court of competent
jurisdiction.

Colorado § 35-65-306 (Provision of bond resolution - covenants) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 75: Entire part added, p. 1355, � 1, effective July 14. L. 83: (2) amended, p. 1372, � 10, effective June 2. L. 89: (1)(c) R&RE, p. 1414, � 7, effective July 1. L. 97: (1)(c) amended, p. 818, � 9, effective June 30.