The payment of special obligation bonds shall not be secured by any encumbrance, mortgage, or other pledge of property of the district, other than operating revenues, sales tax revenues, admissions tax revenues, or moneys or assets held in escrow. No property of the district, subject to this exception, shall be liable to be forfeited or taken in payment of the special obligation bonds.
Source: L. 96: Entire article added, p. 1072, § 1, effective May 23. L. 98: Entire section amended, p. 509, § 12, effective April 22.
Structure Colorado Code
Article 15 - Metropolitan Football Stadium District Act
§ 32-15-102. Legislative Declaration
§ 32-15-104. Creation of District - Area of District
§ 32-15-104.3. District Area - Town of Castle Rock in Douglas County
§ 32-15-104.5. Annexation of Enclaves
§ 32-15-105. Board of Directors - Membership - Qualifications
§ 32-15-106. Board of Directors - Powers and Duties
§ 32-15-107. Authorizing Election
§ 32-15-108. Position of Trust - Conflicts of Interest
§ 32-15-109. Records of Board - Audits - Legislative Oversight - Powers and Duties of State Auditor
§ 32-15-110. Sales Tax Imposed - Collection - Administration of Tax - Discontinuance
§ 32-15-110.5. Admissions Tax Imposed - Collection - Discontinuance
§ 32-15-111. Sales Tax and Admissions Tax Revenues - Use
§ 32-15-112. Operating Revenues - Use
§ 32-15-113. Issuance of Special Obligation Bonds
§ 32-15-114. Pledge of Sales and Admissions Tax Revenues and Net Operating Revenues
§ 32-15-115. Payment, Recital, and Securities
§ 32-15-116. Incontestable Recital in Securities
§ 32-15-117. Limitation Upon Payment
§ 32-15-119. Sale of Special Obligation Bonds
§ 32-15-121. Management Agreement - Operation of Stadium
§ 32-15-125. Limitations Upon Liabilities
§ 32-15-125.5. No Action Maintainable
§ 32-15-126. Sale of Real and Personal Property of District
§ 32-15-127. Limitations Upon Promotional Activities
§ 32-15-128. Football Stadium Site Selection Commission - Creation - Membership
§ 32-15-129. Commission - Powers and Duties
§ 32-15-130. Conflicts of Interest Prohibited
§ 32-15-131. Criteria - Stadium Site - Stadium
§ 32-15-132. Consultation With Urban Land Institute - Consideration of Recommendations