Colorado Code § 32-7-120

Power to issue revenue bonds - terms. To carry out the purposes of this
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article, the board is authorized to issue negotiable coupon bonds payable solely from the
revenues derived, or to be derived, from the facility or combined facilities of the service
authority. The terms, conditions, and details of said bonds, the procedures related thereto, and
the refunding thereof shall be substantially the same as those provided in part 4 of article 35 of
title 31, C.R.S., relating to water and sewer revenue bonds; except that the purposes for which
the same may be issued shall not be so limited. Revenue bonds issued under this article shall not
constitute an indebtedness within the meaning of any constitutional or statutory limitation or
other provision. Each bond issued under this section shall recite in substance that said bond,
including the interest thereon, is payable solely from the revenues pledged for the payment
thereof and that said bond does not constitute a debt of the service authority within the meaning
of any constitutional or statutory limitations or provisions. Such revenue bonds may be issued to
mature at such time, not exceeding the estimated life of the facility to be acquired with the bond
proceeds, as determined by the board, but in no event beyond thirty years from their respective
dates.

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