Neither the members of the board, employees of the authority, nor any person executing the bonds or notes shall be liable personally on bonds or notes or be subject to any personal liability or accountability by reason of the issuance thereof.
Source: L. 81: Entire article added, p. 1742, § 1, effective June 19.
Structure Colorado Code
Article 75 - Colorado Agricultural Development Authority Act
§ 35-75-102. Legislative Declaration
§ 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
§ 35-75-112. Negotiability of Bonds
§ 35-75-113. Security for Bonds and Notes
§ 35-75-114. Personal Liability
§ 35-75-116. Payment of Bonds - Nonliability of State
§ 35-75-117. Exemption From Taxation - Securities Law
§ 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