C.R.S. Section 43-3-205
Trust indentures


In the discretion of the department of transportation, such bonds may be secured by a trust indenture by and between the department of transportation and a corporate trustee which may be any trust company or bank having the powers of a trust company within or outside of the state. Such trust indentures may pledge or assign tolls and revenue to be received from the operation of the turnpike project but shall not convey or mortgage the turnpike or any part thereof. The resolution providing for the issuance of such bonds or such trust indenture may contain such provisions for protecting and enforcing the rights and remedies of the bondholders as may be reasonable and proper and not in violation of law, including, without limiting the generality of the foregoing, covenants setting forth the duties of the department of transportation in relation to the acquisition of properties and the construction, maintenance, operation, repair, and insurance of the turnpike project and the custody, safeguarding, and application of all moneys. Such indenture may set forth the rights and remedies of the bondholders and of the trustee and may restrict the individual right of action of bondholders. In addition to the foregoing, such trust indenture may contain such other provisions as the department of transportation may deem reasonable for the security of bondholders. All expenses incurred in carrying out such trust indenture may be treated as a part of the cost of maintenance, operation, and repair of the turnpike project.

Source: Section 43-3-205 — Trust indentures, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-43.­pdf (accessed Oct. 20, 2023).

43‑3‑101
Freeways - how declared - commercial enterprises prohibited - definition
43‑3‑102
Engineer to divide freeway
43‑3‑103
Engineer may close street or road
43‑3‑104
Street not to open into freeway
43‑3‑105
When local service roads laid out
43‑3‑106
Acquiring land and right-of-way
43‑3‑107
Acquisition by commissioners and department of transportation jointly
43‑3‑201
Legislative declaration
43‑3‑202
Powers granted to department
43‑3‑202.5
Public-private initiatives - legislative declaration
43‑3‑203
Bonds authorized
43‑3‑204
Bond details
43‑3‑205
Trust indentures
43‑3‑206
Payment of bonds - use and disposition of fund
43‑3‑207
Bond lien
43‑3‑208
Bond proceeds
43‑3‑209
Tax exemption
43‑3‑210
Refunding bonds
43‑3‑211
Rights of bondholders
43‑3‑212.5
Disposition of tolls - when bonds issued
43‑3‑212.6
Disposition of tolls - when bonds not issued
43‑3‑213
No debt authorized
43‑3‑214
Succession of powers and duties
43‑3‑215
Legislative declaration
43‑3‑216
Additional powers
43‑3‑217
Execution
43‑3‑218
Bonds legal investments
43‑3‑219
Interest earnings
43‑3‑220
Notice of investment opportunity
43‑3‑301
Definitions
43‑3‑302
Traffic laws - toll collection - definitions
43‑3‑303
Toll roads must be kept in repair
43‑3‑304
Noncompete agreements
43‑3‑401
Legislative declaration
43‑3‑402
Powers and duties of transportation commission
43‑3‑403
Authority to construct tunnels
43‑3‑413
Fees, fares, tolls - contracts - rules
43‑3‑414
Vesting powers in transportation commission
Green check means up to date. Up to date

Current through Fall 2024

§ 43-3-205’s source at colorado​.gov