Colorado § 24-37.7-112 - Proceeds as trust funds.
Full text of Colorado Colorado Revised Statutes § 24-37.7-112 — Proceeds as trust funds., with citation guidance and answers to common questions.
§ 24-37.7-112. Proceeds as trust funds.
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.
Source: L. 2004: Entire article added, p. 1672, § 1, effective June 3.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-37.7-112
What does Colorado Revised Statutes § 24-37.7-112 cover?
Section 24-37.7-112 ("Proceeds as trust funds.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 24-37.7-112?
A common citation format is "Colorado Revised Statutes § 24-37.7-112" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 24-37.7-112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.