Colorado Code § 32-14-128

Limitations upon liabilities. Neither the directors nor any person executing
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any obligations issued pursuant to the provisions of this article shall be personally liable on the
obligations by reason of the issuance thereof. Obligations issued pursuant to this article shall not
in any way create or constitute any indebtedness, liability, or obligation of the state or of any
political subdivision thereof, except the district, and nothing in this article shall be construed to
authorize the district to incur any indebtedness on behalf of or in any way to obligate the state or
any political subdivision thereof, except the district, and nothing in this article shall be construed
to authorize the district to incur any indebtedness on behalf of or in any way to obligate the state
or any political subdivision thereof, except as specifically provided in this article.

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