(1) The district may issue as special obligations any of the following types of district securities, in anticipation of net pledged revenues; but not under any circumstances under their terms and the proceedings authorizing their issuance, in anticipation of taxes nor in anticipation of gross pledged revenues: (a) Notes; (b) Warrants; (c) Interim debentures; (d) Bonds; and (e) Temporary bonds. (2) Such special obligation district securities may be payable from, secured by a pledge of, and constitute a lien on net pledged revenues.
C.R.S. § 32-11-529
Special obligation securities
Known as the Urban Drainage and Flood Control Act
The act spans §§ 32–32 (209 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.