Colorado Code § 24-75-911

No debt created. Notes shall be payable solely from the revenues pledged
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thereto, and the owners or holders of the notes may not look to any other source for repayment of
the principal of or interest on the notes. In every case, the revenues pledged shall be those which
are the subject of appropriation for the current fiscal year and are yet to be credited to the
applicable fund. The notes shall not constitute a debt or an indebtedness of the state within the
meaning of any applicable provision of the state constitution or statutes.

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