Colorado Code § 32-14-118

Pledge of sales tax revenues and net operating revenues
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The payment of
special obligation bonds may be secured by the specific pledge of sales tax revenues of the
district, operating revenues of the district, or moneys or assets of the district held in escrow as
the board, in its discretion, may determine. Operating revenues, sales tax revenues, or moneys or
assets held in escrow pledged for the payment of any special obligation bonds, as received by the
district, shall immediately be subject to the lien of such pledge, without any physical delivery
thereof, any filing, or further act, and the lien of such pledge and the obligation to perform the
contractual provisions made in the authorizing resolution or other instrument relating thereto
shall have priority over all other obligations and liabilities of the district, except as may be
otherwise provided in this article or in such resolution or instrument, and subject to any prior
pledges and liens previously created. The lien of such pledge shall be valid and binding as
against all persons having claims of any kind in tort, contract, or otherwise against the district,
regardless of whether such persons have notice thereof.

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