C.R.S. Section 35-75-121
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 under 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 in the authority 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, and other obligations, together with interest thereon, with 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 35-75-121 — Agreement of the state not to limit or alter rights of obligees, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-35.­pdf (accessed Oct. 20, 2023).

35‑75‑101
Short title 35‑75‑102
Legislative declaration 35‑75‑103
Definitions 35‑75‑104
Colorado agricultural development authority - creation - membership 35‑75‑105
Organization meeting - chairman - personnel - surety bond - conflict of interest 35‑75‑106
Meetings of board - quorum - expenses 35‑75‑107
General powers and duties of authority 35‑75‑108
Authority - loans to or made by lenders 35‑75‑109
Authority - rules and regulations 35‑75‑110
Notes 35‑75‑111
Bonds 35‑75‑111.5
Issuance of bonds to construct renewable energy generation facilities and electric transmission lines - renewable energy cooperatives 35‑75‑112
Negotiability of bonds 35‑75‑113
Security for bonds and notes 35‑75‑114
Personal liability 35‑75‑115
Purchase 35‑75‑116
Payment of bonds - nonliability of state 35‑75‑117
Exemption from taxation - securities law 35‑75‑118
Fees 35‑75‑119
Investment powers of authority 35‑75‑120
Proceeds as trust funds 35‑75‑121
Agreement of the state not to limit or alter rights of obligees 35‑75‑122
Enforcement of rights of bondholders 35‑75‑123
Bonds eligible for investment 35‑75‑124
Account of activities - receipts for expenditures - report - audit 35‑75‑125
Federal social security act 35‑75‑126
Powers of authority not restricted 35‑75‑201
Legislative declaration - purpose of part 35‑75‑202
Definitions 35‑75‑203
Colorado agricultural value-added development board - creation - members 35‑75‑204
Duties of board - agriculture value-added grants, loans and loan guarantees, and equity investments 35‑75‑205
Grants, loans and loan guarantees, and equity investments - agriculture value-added cash fund - created - report - definition
Green check means up to date. Up to date

Current through Fall 2024

§ 35-75-121’s source at colorado​.gov