Colorado § 8-82-103 Purchase and leasehold by division - terms

Colorado Statutes

§ 8-82-103 — Purchase and leasehold by division - terms

Colorado·Title 08 Labor and·Art. Acquisition of Lands and Buildings

The divisions of
employment and training and unemployment insurance may enter into rental or
leasehold agreements with a nonprofit corporation or authority created pursuant to
section 8-82-101. The agreements must provide that the particular division acquire
title to the land or buildings, or both, upon the payment of stipulated aggregate
annual rentals. The plans, specifications, bids, and contracts for the buildings and
the terms of all leasehold or rental agreements are not valid until approved by the
governor, the director of the division of employment and training or the director of
the division of unemployment insurance, as appropriate, and the director of the
office of state planning and budgeting. The rentals must be paid solely out of the
employment security administrati

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The divisions of
employment and training and unemployment insurance may enter into rental or
leasehold agreements with a nonprofit corporation or authority created pursuant to
section 8-82-101. The agreements must provide that the particular division acquire
title to the land or buildings, or both, upon the payment of stipulated aggregate
annual rentals. The plans, specifications, bids, and contracts for the buildings and
the terms of all leasehold or rental agreements are not valid until approved by the
governor, the director of the division of employment and training or the director of
the division of unemployment insurance, as appropriate, and the director of the
office of state planning and budgeting. The rentals must be paid solely out of the
employment security administration fund, the unemployment revenue fund, or both,
or the funds of any other state agency if any part of the buildings are made
available to other state agencies. The obligation to pay the rentals does not
constitute an indebtedness of the state and must not be paid out of any other
funds. The division that enters an agreement pursuant to this section shall include
the rental in its annual budgets and shall certify, audit, and pay the rentals in the
same manner as all other accounts and expenditures payable out of those funds.

Colorado § 8-82-103 (Purchase and leasehold by division - terms) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 55: p. 536, � 3. L. 56: p. 160, � 2. CRS 53: � 82-12-3. C.R.S. 1963: � 82-12-3. L. 75: Entire section amended, p. 819, � 7, effective July 18. L. 83: Entire section amended, p. 969, � 20, effective July 1, 1984. L. 86: Entire section amended, p. 1215, � 5, effective May 30. L. 2012: Entire section amended, (HB 12-1120), ch. 27, p. 106, � 19, effective June 1.