Colorado § 43-4-615 Agreement of the state not to limit or alter rights of obligees

Colorado Statutes

§ 43-4-615 — Agreement of the state not to limit or alter rights of obligees

Colorado § 43-4-615

Title 43Transportation

Art.Financing

This text of Colorado § 43-4-615 (Agreement of the state not to limit or alter rights of obligees) 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. § 43-4-615 (2026).

Text

The state hereby pledges and agrees with the holders of any bonds issued under
this part 6 and with those parties who enter into contracts with an authority or any
member of a combination or member of a transportation planning organization
exercising the powers of an authority as authorized by section 43-4-622 pursuant
to this part 6 that the state will not impair the rights vested in the authority or the
rights or obligations of any person with which the authority contracts to fulfill the
terms of any agreements made pursuant to this part 6. The state further agrees
that it will not impair the rights or remedies of the holders of any bonds of the
authority until the bonds have been paid or until adequate provision for payment
has been made. The authority may include this provisio

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The state hereby pledges and agrees with the holders of any bonds issued under
this part 6 and with those parties who enter into contracts with an authority or any
member of a combination or member of a transportation planning organization
exercising the powers of an authority as authorized by section 43-4-622 pursuant
to this part 6 that the state will not impair the rights vested in the authority or the
rights or obligations of any person with which the authority contracts to fulfill the
terms of any agreements made pursuant to this part 6. The state further agrees
that it will not impair the rights or remedies of the holders of any bonds of the
authority until the 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 the bonds.

Legislative History

Source: L. 97: Entire part added, p. 497, � 1, effective August 6. L. 2021: Entire section amended, (SB 21-260), ch. 250, p. 1436, � 42, effective June 17.