Colorado Statutes
§ 37-50-135 — Liens on pledged revenues
(1)Revenues pledged for the
payment of bonds, as received by or otherwise credited to the district under this
article, shall immediately be subject to the lien of each such pledge without any
physical delivery, filing, or further act.
(2)The lien of each such pledge and the obligation to perform the
contractual provisions made in the authorizing resolution or other related
instrument shall have priority over all other obligations or liabilities of the district,
except as may be otherwise provided in this article or in the resolution or other
instrument, and subject to any prior pledges and liens previously created.
(3)The lien of each such pledge shall be valid and binding as against all
persons having claims of any kind in tort, in contract, or otherwise against the
district
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Legislative History
Source: L. 2004: Entire article added, p. 1925, � 1, effective August 4.
Nearby Sections
15
§ 37-1-101
Short title§ 37-1-102
Definitions§ 37-1-103
Liberal construction§ 37-1-104
Removal of officials for cause§ 37-1-105
Remedy by mandamus§ 37-1-106
Early hearings§ 37-1-107
Correction of faulty notices§ 37-1-108
Short forms and abbreviations§ 37-1-109
Repeal - saving clause§ 37-2-102
Petition§ 37-2-103
Bond of petitioners§ 37-2-104
Notice of hearing on petition§ 37-20-101
Legislative declaration