TAX-FREE FUND OF COLORADO SUB-ADVISORY AGREEMENT THIS AGREEMENT, made as of June 29, 1998 by and between AQUILA MANAGEMENT CORPORATION (the "Manager"), 380 Madison Avenue, Suite 2300, New York, New York 10017, and KPM INVESTMENT MANAGEMENT, INC. (the...Sub-Advisory Agreement • February 26th, 1999 • Tax Free Fund of Colorado
