§ 40-41-113 — Effect of other laws and judicial decisions

(1) If any provision of
this article 41 conflicts with any other law regarding the attachment, assignment,
perfection, effect of perfection, or priority of any security interest in or transfer of
CO-EI property, the provision of this article 41 governs to the extent of the conflict.

(2) Effective on the date that CO-EI bonds are first issued, if any provision of
this article 41 is held to be invalid or is invalidated, superseded, replaced, repealed,
or expires, that occurrence does not affect any action allowed under this article 41
that was lawfully taken by the commission, an electric utility, an assignee, a
collection agent, a financing party, a bondholder, or a party to an ancillary
agreement before the occurrence, and any such action remains in full force and
effect.

(3) Nothing in subsection (1) or (2) of this section precludes an electric utility
for which the commission has initially issued a financing order from applying to the
commission for:

(a) A subsequent financing order amending the financing order as authorized
by section 40-41-105 (4); or

(b) Approval of the issuance of CO-EI bonds to refund all or a portion of an
outstanding series of CO-EI bonds.

Legislative History

Source: L. 2019: Entire article added, (SB 19-236), ch. 359, p. 3330, � 26, effective May 30.