C.R.S. Section 23-15-124
Agreement of the state not to limit or alter rights of obligees

The state hereby pledges to and agrees with the holders of any bonds, notes, or other obligations issued pursuant to this article and with those parties who may enter into contracts with the authority pursuant to the provisions of this article that the state will not limit, alter, restrict, or impair the rights vested pursuant to this article in the authority to acquire, construct, reconstruct, maintain, and operate any facility or to establish, revise, charge, and collect rates, rents, fees, and other charges whenever it may be convenient or necessary to produce sufficient revenues to meet the expenses of maintenance and operation thereof and to fulfill the terms of any agreements made with the holders of bonds, notes, or other obligations authorized and issued pursuant to this article and with the parties who may enter into contracts with the authority pursuant to this article. The state further agrees that it will not in any way impair the rights or remedies of the holders of such bonds, notes, or other obligations of such parties until such bonds, notes, or other obligations, together with interest thereon, interest on any unpaid installment of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders, are fully met and discharged and such contracts are fully performed on the part of the authority. Nothing in this article precludes such limitation or alteration if and when adequate provision is made by law for the protection of the holders of such bonds, notes, or other obligations of the authority or those entering into such contracts with the authority. The authority may include this pledge and undertaking for the state in such bonds, notes, or other obligations and in such contracts.

Source: Section 23-15-124 — Agreement of the state not to limit or alter rights of obligees, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-23.pdf (accessed Oct. 20, 2023).

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 23-15-124 Agreement of the state not to limit or alter rights of obligees

C.R.S. Section 23-15-124
Agreement of the state not to limit or alter rights of obligees