Neither the directors nor any person executing any obligations issued pursuant to the provisions of this article shall be personally liable on the obligations by reason of the issuance thereof. Obligations issued pursuant to this article shall not in any way create or constitute any indebtedness, liability, or obligation of the state or of any political subdivision thereof, except the district, and nothing in this article shall be construed to authorize the district to incur any indebtedness on behalf of or in any way to obligate the state or any political subdivision thereof, except the district, and nothing in this article shall be construed to authorize the district to incur any indebtedness on behalf of or in any way to obligate the state or any political subdivision thereof, except as specifically provided in this article.
Source: L. 96: Entire article added, p. 1074, § 1, effective May 23.
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