C.R.S. Section 32-14-118
Pledge of sales tax revenues and net operating revenues

The payment of special obligation bonds may be secured by the specific pledge of sales tax revenues of the district, operating revenues of the district, or moneys or assets of the district held in escrow as the board, in its discretion, may determine. Operating revenues, sales tax revenues, or moneys or assets held in escrow pledged for the payment of any special obligation bonds, as received by the district, shall immediately be subject to the lien of such pledge, without any physical delivery thereof, any filing, or further act, and the lien of such pledge and the obligation to perform the contractual provisions made in the authorizing resolution or other instrument relating thereto shall have priority over all other obligations and liabilities of the district, except as may be otherwise provided in this article or in such resolution or instrument, and subject to any prior pledges and liens previously created. The lien of such pledge shall be valid and binding as against all persons having claims of any kind in tort, contract, or otherwise against the district, regardless of whether such persons have notice thereof.

Source: Section 32-14-118 — Pledge of sales tax revenues and net operating revenues, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-32.­pdf (accessed Oct. 20, 2023).

32‑14‑101
Short title 32‑14‑102
Legislative declaration 32‑14‑103
Definitions 32‑14‑104
Creation of district - area of district 32‑14‑105
Authorizing election 32‑14‑106
Board of directors - membership - qualifications 32‑14‑107
Board of directors - powers and duties 32‑14‑108
Conflicts of interest prohibited 32‑14‑109
Records of board - audits - legislative oversight - powers and duties of state auditor 32‑14‑110
Privatization - study and consideration 32‑14‑111
Criteria - stadium site - stadium 32‑14‑112
Consultation with urban land institute - Colorado baseball commission - consideration of recommendations 32‑14‑113
Costs - acquisition of stadium site - construction of stadium - use of public moneys - target percentage 32‑14‑114
Sales tax imposed - collection - administration of tax - discontinuance 32‑14‑115
Sales tax revenues - use 32‑14‑116
Operating revenues - use 32‑14‑117
Issuance of special obligation bonds 32‑14‑118
Pledge of sales tax revenues and net operating revenues 32‑14‑119
Payment, recital, and securities 32‑14‑120
Incontestable recital in securities 32‑14‑121
Limitation upon payment 32‑14‑122
Negotiability 32‑14‑123
Sale of special obligation bonds 32‑14‑124
Contracts 32‑14‑125
Management agreement - operation of stadium 32‑14‑126
Lease of stadium - major league baseball franchise 32‑14‑126.5
Revenue sharing 32‑14‑128
Limitations upon liabilities 32‑14‑129
Sale of real and personal property of district 32‑14‑130
Limitations upon promotional activities 32‑14‑131
Colorado baseball commission - creation - membership 32‑14‑132
Commission - powers and duties 32‑14‑133
Repeal of article
Green check means up to date. Up to date

Current through Fall 2024

§ 32-14-118’s source at colorado​.gov