Common use of Supplemental Public Securities Act Provisions Clause in Contracts

Supplemental Public Securities Act Provisions. Pursuant to the resolution of the Authority authorizing the issuance of the 2017-III Bonds, the Authority has elected to apply Sections 00-00-000, 00-00-000 (other than Section 11-57-207(1)(a)), 00-00-000, 11-57- 209, 11 57-210, 00-00-000, 00-00-000 and 00-00-000 of the Supplemental Public Securities Act, being Part 2 of Article 57 of Title 11, Colorado Revised Statutes (the “Supplemental Act”) to the Series 2017-III Bonds. Pursuant to said Section 00-00-000, each Series 2017-III Bond shall recite that it is issued under the authority of such resolution and the Supplemental Act and that it is the intention of the Authority that such recital shall be conclusive evidence of the validity and the regularity of the issuance of the Series 2017-III Bonds after their delivery for value. Pursuant to said Section 00-00-000, the assets pledged under the Indenture for the payment of the Series 2017-III Bonds, as received by or otherwise credited to the Authority, shall immediately be subject to the lien of such pledge without any physical delivery, filing or further act. The lien of such pledge and the obligation to perform the contractual provisions made in such resolution and the Indenture shall have priority over any or all other obligations and liabilities of the Authority. The lien of such pledge shall be valid, binding and enforceable as against all persons having claims of any kind in tort, contract or otherwise against the Authority irrespective of whether such persons have notice of such lien. (End of Article II) ARTICLE III

Supplemental Public Securities Act Provisions. Pursuant to the resolution of the Authority authorizing the issuance of the 2017-III Bonds, the Authority has elected to apply Sections 00-00-000, 00-00-000 (other than Section 11-57-207(1)(a)), 00-00-000, 1100-57- 20900-000, 11 5700-21000-000, 00-00-000, 00-00-000 and 00-00-000 of the Supplemental Public Securities Act, being Part 2 of Article 57 of Title 11, Colorado Revised Statutes (the “Supplemental Act”) to the Series 2017-III I Bonds. Pursuant to said Section 00-00-000, each Series 2017-III I Bond shall recite that it is issued under the authority of such resolution and the Supplemental Act and that it is the intention of the Authority that such recital shall be conclusive evidence of the validity and the regularity of the issuance of the Series 2017-III I Bonds after their delivery for value. Pursuant to said Section 00-00-000, the assets pledged under the Indenture for the payment of the Series 2017-III I Bonds, as received by or otherwise credited to the Authority, shall immediately be subject to the lien of such pledge without any physical delivery, filing or further act. The lien of such pledge and the obligation to perform the contractual provisions made in such resolution and the Indenture shall have priority over any or all other obligations and liabilities of the Authority. The lien of such pledge shall be valid, binding and enforceable as against all persons having claims of any kind in tort, contract or otherwise against the Authority irrespective of whether such persons have notice of such lien. (End of Article II) ARTICLE III

Supplemental Public Securities Act Provisions. Pursuant to the resolution of the Authority authorizing the issuance of the 2017-III 2018A Bonds, the Authority has elected to apply Sections 00-00-000, 00-00-000 (other than Section 11-57-207(1)(a)), 00-00-000, 1100-57- 20900-000, 11 5700-21000-000, 00-00-000, 00-00-000 and 00-00-000 of the Supplemental Public Securities Act, being Part 2 of Article 57 of Title 11, Colorado Revised Statutes (the “Supplemental Act”) to the Series 2017-III 2018A Bonds. Pursuant to said Section 00-00-000, each Series 2017-III 2018A Bond shall recite that it is issued under the authority of such resolution and the Supplemental Act and that it is the intention of the Authority that such recital shall be conclusive evidence of the validity and the regularity of the issuance of the Series 2017-III 2018A Bonds after their delivery for value. Pursuant to said Section 00-00-000, the assets pledged under the Indenture for the payment of the Series 2017-III 2018A Bonds, as received by or otherwise credited to the Authority, shall immediately be subject to the lien of such pledge without any physical delivery, filing or further act. The lien of such pledge and the obligation to perform the contractual provisions made in such resolution and the Indenture shall have priority over any or all other obligations and liabilities of the Authority. The lien of such pledge shall be valid, binding and enforceable as against all persons having claims of any kind in tort, contract or otherwise against the Authority irrespective of whether such persons have notice of such lien. (End of Article II) ARTICLE III)

Supplemental Public Securities Act Provisions. Pursuant to the resolution of the Authority authorizing the issuance of the 2017-III 2020D Bonds, the Authority has elected to apply Sections 00-00-000, 00-00-000 (other than Section 11-57-207(1)(a)), 00-00-000, 1100-57- 209, 11 5700-210000, 00-00-000, 00-00-000 and 00-00-000 of the Supplemental Public Securities Act, being Part 2 of Article 57 of Title 11, Colorado Revised Statutes (the “Supplemental Act”) to the Series 2017-III 2020D Bonds. Pursuant to said Section 00-00-000, each Series 2017-III 2020D Bond shall recite that it is issued under the authority of such resolution and the Supplemental Act and that it is the intention of the Authority that such recital shall be conclusive evidence of the validity and the regularity of the issuance of the Series 2017-III 2020D Bonds after their delivery for value. Pursuant to said Section 00-00-000, the assets pledged under the Indenture for the payment of the Series 2017-III 2020D Bonds, as received by or otherwise credited to the Authority, shall immediately be subject to the lien of such pledge without any physical delivery, filing or further act. The lien of such pledge and the obligation to perform the contractual provisions made in such resolution and the Indenture shall have priority over any or all other obligations and liabilities of the Authority. The lien of such pledge shall be valid, binding and enforceable as against all persons having claims of any kind in tort, contract or otherwise against the Authority irrespective of whether such persons have notice of such lien. (End of Article II) ARTICLE III)

Supplemental Public Securities Act Provisions. Pursuant to the resolution of the Authority authorizing the issuance of the 2017-III 2020A Bonds, the Authority has elected to apply Sections 00-00-000, 00-00-000 (other than Section 11-57-207(1)(a)), 00-00-000, 1100-57- 20900-000, 11 5700-21000-000, 00-00-000, 00-00-000 and 00-00-000 of the Supplemental Public Securities Act, being Part 2 of Article 57 of Title 11, Colorado Revised Statutes (the “Supplemental Act”) to the Series 2017-III 2020A Bonds. Pursuant to said Section 00-00-000, each Series 2017-III 2020A Bond shall recite that it is issued under the authority of such resolution and the Supplemental Act and that it is the intention of the Authority that such recital shall be conclusive evidence of the validity and the regularity of the issuance of the Series 2017-III 2020A Bonds after their delivery for value. Pursuant to said Section 00-00-000, the assets pledged under the Indenture for the payment of the Series 2017-III 2020A Bonds, as received by or otherwise credited to the Authority, shall immediately be subject to the lien of such pledge without any physical delivery, filing or further act. The lien of such pledge and the obligation to perform the contractual provisions made in such resolution and the Indenture shall have priority over any or all other obligations and liabilities of the Authority. The lien of such pledge shall be valid, binding and enforceable as against all persons having claims of any kind in tort, contract or otherwise against the Authority irrespective of whether such persons have notice of such lien. (End of Article II) ARTICLE III)

Supplemental Public Securities Act Provisions. Pursuant to the resolution of the Authority authorizing the issuance of the 2017-III 2019C Bonds, the Authority has elected to apply Sections 00-00-000, 00-00-000 (other than Section 11-57-207(1)(a)), 00-00-000, 1100-57- 20900-000, 11 5700-21000-000, 00-00-000, 00-00-000 and 00-00-000 of the Supplemental Public Securities Act, being Part 2 of Article 57 of Title 11, Colorado Revised Statutes (the “Supplemental Act”) to the Series 2017-III 2019C Bonds. Pursuant to said Section 00-00-000, each Series 2017-III 2019C Bond shall recite that it is issued under the authority of such resolution and the Supplemental Act and that it is the intention of the Authority that such recital shall be conclusive evidence of the validity and the regularity of the issuance of the Series 2017-III 2019C Bonds after their delivery for value. Pursuant to said Section 00-00-000, the assets pledged under the Indenture for the payment of the Series 2017-III 2019C Bonds, as received by or otherwise credited to the Authority, shall immediately be subject to the lien of such pledge without any physical delivery, filing or further act. The lien of such pledge and the obligation to perform the contractual provisions made in such resolution and the Indenture shall have priority over any or all other obligations and liabilities of the Authority. The lien of such pledge shall be valid, binding and enforceable as against all persons having claims of any kind in tort, contract or otherwise against the Authority irrespective of whether such persons have notice of such lien. (End of Article II) ARTICLE III)