Colo. Rev. Stat. § 24-37.7-112
Proceeds as trust funds
Colorado · Colorado Revised Statutes Title 24 — Government - State · Status: effective
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- Citation
- Colo. Rev. Stat. § 24-37.7-112, Proceeds as trust funds, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2302753
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Full text
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.