All moneys received pursuant to this article, whether as proceeds from the sale of bonds, notes, or other obligations or as revenues or receipts, shall be deemed to be trust funds to be held and applied solely as provided in this article. Any officer, bank, or trust company with which such moneys are deposited shall act as trustee of such moneys and shall hold and apply the same for the purposes of this article, subject to such regulations as the authority and the resolution authorizing the bonds, notes, or other obligations of any issue or the trust agreement securing such obligations provides.
Source: L. 81: Entire article added, p. 1743, § 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