C.R.S. Section 23-15-116
Trust agreement to secure bonds

In the discretion of the authority, any bonds issued pursuant to this article may be secured by a trust agreement between the authority and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company in Colorado. Such trust agreement or the resolution providing for the issuance of such bonds may pledge or assign the revenues to be received or the proceeds of any contract or contracts pledged and may convey or mortgage the facilities or any portion thereof. Such trust agreement or resolution providing for the issuance of such bonds may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable, proper, and not in violation of law, including particularly such provisions as have been specifically authorized to be included in any resolution or resolutions of the authority authorizing bonds thereof. Any bank or trust company incorporated under the laws of this state which may act as depository of the proceeds of bonds or of revenues or other moneys may furnish such indemnifying bonds or pledge such securities as may be required by the authority. Any such trust agreement may set forth the rights and remedies of the bondholders and of the trustee or trustees and may restrict the individual right of action by bondholders. In addition, any such trust agreement or resolution may contain such other provisions as the authority may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out such trust agreement or resolution may be treated as a part of the cost of the operation of a facility.

Source: Section 23-15-116 — Trust agreement to secure bonds, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-23.pdf (accessed Dec. 24, 2024).

23‑15‑101
Short title 23‑15‑102
Legislative declaration 23‑15‑103
Definitions 23‑15‑104
Authority - creation - board - organization 23‑15‑105
Organizational meeting - chairman - executive director - surety bond - conflict of interest 23‑15‑106
Meetings of board - quorum - expenses 23‑15‑107
General powers of the authority 23‑15‑108
Acquisition of property 23‑15‑109
Notes 23‑15‑110
Bonds 23‑15‑110.5
Colorado education savings program 23‑15‑111
Negotiability of bonds 23‑15‑112
Security for bonds and notes 23‑15‑113
Personal liability 23‑15‑114
Purchase 23‑15‑115
Procedure before expenditure of proceeds 23‑15‑116
Trust agreement to secure bonds 23‑15‑117
Payment of bonds - nonliability of state 23‑15‑118
Exemption from taxation and securities law 23‑15‑119
Rents and charges 23‑15‑120
Fees 23‑15‑121
Conveyance of title - release of lien 23‑15‑122
Investment of funds 23‑15‑123
Proceeds as trust funds 23‑15‑124
Agreement of the state not to limit or alter rights of obligees 23‑15‑125
Enforcement of rights of bondholders 23‑15‑126
Bonds eligible for investment 23‑15‑127
Account of activities and receipts for expenditures - report - audit 23‑15‑128
Federal social security act 23‑15‑129
Powers of authority not restricted - law complete in itself 23‑15‑130
Powers in addition to those granted by other laws

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

C.R.S. Section 23-15-116 Trust agreement to secure bonds

C.R.S. Section 23-15-116
Trust agreement to secure bonds