Colorado § 43-4-516 Agreement of the state not to limit or alter rights of obligees

Colorado Statutes

§ 43-4-516 — Agreement of the state not to limit or alter rights of obligees

Colorado·Title 43 Transportation·Art. Financing

The state hereby pledges and agrees with the holders of any bonds issued under
this part 5 and with those parties who enter into contracts with the authority or any
member of the combination pursuant to this part 5 that the state will not limit, alter,
restrict, or impair the rights vested in the authority or the rights or obligations of
any person with which it contracts to fulfill the terms of any agreements made
pursuant to this part 5. The state further agrees that it will not in any way impair the
rights or remedies of the holders of any bonds of the authority until such bonds
have been paid or until adequate provision for payment has been made. The
authority may include this provision and undertaking for the state in such bonds.

Free access — add to your briefcase to read the full text and ask questions with AI

The state hereby pledges and agrees with the holders of any bonds issued under
this part 5 and with those parties who enter into contracts with the authority or any
member of the combination pursuant to this part 5 that the state will not limit, alter,
restrict, or impair the rights vested in the authority or the rights or obligations of
any person with which it contracts to fulfill the terms of any agreements made
pursuant to this part 5. The state further agrees that it will not in any way impair the
rights or remedies of the holders of any bonds of the authority until such bonds
have been paid or until adequate provision for payment has been made. The
authority may include this provision and undertaking for the state in such bonds.

Colorado § 43-4-516 (Agreement of the state not to limit or alter rights of obligees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.