Colorado § 35-65-308 Prior lien of bonds

Colorado Statutes

§ 35-65-308 — Prior lien of bonds

Colorado § 35-65-308

Title 35Agriculture

Art.Fairs

This text of Colorado § 35-65-308 (Prior lien of bonds) 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. § 35-65-308 (2026).

Text

(1)Except as otherwise provided in the resolution authorizing the bonds, all bonds of the same issue under this part 3 shall have a prior and paramount lien on the net revenues of the additional facilities acquired or provided pursuant to this part 3 for which the bonds have been issued and contributions from nonstate sources for such facilities. The board may provide for preferential security for any bonds, both principal and interest, to be issued under this part 3 to the extent deemed feasible and desirable by such board over any bonds that may be issued thereafter.

(2)Bonds of the same issue or series issued under this part 3 shall be equally and ratably secured, without priority by reason of number, date, sale, execution, or delivery, by a lien on the net revenue pledged i

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(1) Except as otherwise provided in the
resolution authorizing the bonds, all bonds of the same issue under this part 3 shall
have a prior and paramount lien on the net revenues of the additional facilities
acquired or provided pursuant to this part 3 for which the bonds have been issued
and contributions from nonstate sources for such facilities. The board may provide
for preferential security for any bonds, both principal and interest, to be issued
under this part 3 to the extent deemed feasible and desirable by such board over
any bonds that may be issued thereafter.

(2) Bonds of the same issue or series issued under this part 3 shall be equally
and ratably secured, without priority by reason of number, date, sale, execution, or
delivery, by a lien on the net revenue pledged in accordance with the terms of the
resolution authorizing the bonds.

Legislative History

Source: L. 75: Entire part added, p. 1355, � 1, effective July 14. L. 83: (1) amended, p. 1372, � 12, effective June 2. L. 89: (1) amended, p. 1414, � 8, effective July 1. L. 97: (1) amended, p. 819, � 11, effective June 30.