Colorado § 24-75-911 - No debt created.
Full text of Colorado Colorado Revised Statutes § 24-75-911 — No debt created., with citation guidance and answers to common questions.
§ 24-75-911. No debt created.
Notes shall be payable solely from the revenues pledged 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.
Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1.
Editor's note: This section is similar to former § 24-75-911 as it existed prior to 1986.
Frequently Asked Questions About Colorado § 24-75-911
What does Colorado Revised Statutes § 24-75-911 cover?
Section 24-75-911 ("No debt created.") 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 § 24-75-911?
A common citation format is "Colorado Revised Statutes § 24-75-911" (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 § 24-75-911 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.