The payment of district securities may be secured by the specific pledge of the proceeds of sales taxes or revenues, or both such taxes and revenues, of the district, as the board may determine. Revenues or sales taxes pledged for the payment of any securities, as received by the district, shall immediately be subject to the lien of each such pledge, without any physical delivery thereof, any filing, or further act, and the lien of each 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 said resolution or instrument, and subject to any prior pledges and liens theretofore created. The lien of each such pledge shall be valid and binding as against all persons having claims of any kind in tort, contract, or otherwise against the district, irrespective of whether such persons have notice thereof.
Source: L. 69: p. 722, § 1. C.R.S. 1963: § 89-20-31. L. 73: 994, § 10. L. 2000: Entire section amended, p. 308, § 6, effective April 5.
Structure Colorado Code
Article 9 - Regional Transportation District Act
§ 32-9-102. Legislative Declaration
§ 32-9-104. Liberal Construction
§ 32-9-105. Creation of District
§ 32-9-106.6. Additional District Areas as a Result of Annexation
§ 32-9-106.7. Additional District Area - Petition or Election - Required Filings - Definitions
§ 32-9-106.9. District Area - Town of Castle Rock in Douglas County
§ 32-9-107. Mass Transportation System
§ 32-9-107.5. Regional Fixed Guideway Mass Transit System - Authorization
§ 32-9-107.7. Regional Fixed Guideway Mass Transit Systems - Construction - Authorization
§ 32-9-109.5. Board of Directors - Membership - Powers
§ 32-9-111. Election of Directors - Dates - Terms
§ 32-9-112. Vacancies - Appointments - Recall
§ 32-9-114. Board's Administrative Powers
§ 32-9-115. Records of Board - Audits
§ 32-9-117. Compensation of Directors
§ 32-9-118. Conflicts in Interest Prohibited
§ 32-9-119. Additional Powers of District
§ 32-9-119.3. Elections for Sales Tax Rate Increase
§ 32-9-119.4. Election for a Sales Tax Rate Increase - Petition Requirement
§ 32-9-119.7. Cost Efficiency of Transit Services - Reporting - Plans
§ 32-9-120. Levy of Taxes - Limitations
§ 32-9-121. Levies to Cover Deficiencies
§ 32-9-122. Levying and Collecting Taxes - Lien
§ 32-9-123.5. Prohibition on Borrowing by District
§ 32-9-124. Forms of Borrowing
§ 32-9-126. Issuance of Warrants
§ 32-9-127. Maturities of Notes and Warrants
§ 32-9-128. Incurrence of Special Obligations
§ 32-9-128.5. Private Activity and Exempt Facility Bonds
§ 32-9-129. Issuance of Temporary Bonds
§ 32-9-130. Issuance of Interim Notes
§ 32-9-131. Pledge of Proceeds of Sales Taxes and Revenues
§ 32-9-132. Ranking Among Different Issues
§ 32-9-133. Ranking in Same Issue
§ 32-9-134. Payment Recital in Securities
§ 32-9-135. Incontestable Recital in Securities
§ 32-9-136. Limitation Upon Payment
§ 32-9-140. Sale of Securities
§ 32-9-141. Application of Proceeds
§ 32-9-142. Use of Unexpended Proceeds
§ 32-9-143. Covenants in Security Proceedings
§ 32-9-144. Remedies of Security Holders
§ 32-9-145. Limitations Upon Liabilities
§ 32-9-146. Interest After Maturity
§ 32-9-148. Issuance of Interim Notes
§ 32-9-150. Election Resolution
§ 32-9-151. Conduct and Costs of Elections
§ 32-9-156. District - Tax Exempted
§ 32-9-158. Merger, Consolidation, or Assumption of District
§ 32-9-159. Freedom From Judicial Process