§ 37-95-111 — Pledge of revenues, moneys, funds, or other property - lien

Colorado § 37-95-111

• Jurisdiction: Colorado
• Title 37: Water and
• Art.: Colorado Water Resources and

Text

Any
pledge of revenues, moneys, funds, or other property made by the authority 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 the authority shall
immediately be subject to the lien of such pledge without any physical delivery
thereof or further act, and 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 authority, irrespective of whether such parties have notice thereof. Neither the
resolution nor any other instrument by which a pledge of revenues, moneys, or
funds is created need be filed or recorded, except in the records of the authority.

Legislative History

Source: L. 81: Entire article added, p. 1807, � 1, effective July 1.