§ 22-5-111 — Buildings and facilities

(1) A school district which is participating
in a cooperative service agreement, when authorized by a vote of the eligible
electors as provided in article 42 of this title, may contract for bonded
indebtedness for the purpose of purchasing sites, constructing buildings or other
structures, and equipping buildings which are necessary for the operation of a
cooperative educational service program. The district which contracts for bonded
indebtedness may charge the other members participating in the cooperative
service agreement for the use of the building and equipment. The rental proceeds
may be applied to the retirement of said bonded indebtedness. This article shall not
be construed to create liability for retirement of such bonded indebtedness upon
the other members participating in the cooperative service agreement.

(2) The boards of education of the school districts participating in a
cooperative service agreement may jointly, separately, or, after approval of each
participating board of education, as a board of cooperative services construct,
purchase, or lease sites, buildings, and equipment for the purpose of providing the
facilities necessary for the operation of a cooperative service program at any
appropriate location, whether within or without a school district providing the
money for the facilities. School district moneys in any fund from which moneys may
be legally expended for such facilities may be used for carrying out the provisions
of this section. The provisions of sections 22-32-127 and 22-45-103 (1) shall apply to
any installment purchase agreement or any lease or rental agreement, including
but not limited to any sublease-purchase agreement entered into by a school
district that is a member of a board of cooperative services pursuant to section 22-43.7-110 (2)(c), entered into by a board of cooperative services or by the boards of
education of the school districts participating in a cooperative service agreement.
No board of education of a school district participating in a cooperative service
agreement shall make any levy for its bond redemption fund, or use any moneys in
its bond redemption fund, except in accordance with the provisions of section 22-45-103 (1)(b).

(3) The board of cooperative services, when authorized by a vote of the
registered electors of all of the school districts participating in the agreement, may
borrow any moneys available from the permanent school fund for purposes of
purchasing sites and erecting buildings for use of the board of cooperative services.
Repayment of such loans and interest thereon shall be by payments from the
participating school districts on a proportion agreed upon by the boards of
education of said participating school districts.

(4) Repealed.

Legislative History

Source: L. 65: p. 1029, � 10. C.R.S. 1963: � 123-34-10. L. 67: p. 793, � 2. L. 83: (2) amended, p. 743, � 1, effective June 1. L. 85: (2) amended, p. 733, � 4, effective May 31. L. 87: (1) and (3) amended, p. 305, � 22, effective July 1. L. 91: (1) amended, p. 899, � 39, effective June 5. L. 93: (1) amended, p. 1780, � 44, effective June 6. L. 2008: (2) amended, p. 1065, � 9, effective May 22. L. 2021: (4) added, (SB 21-268), ch. 222, p. 1176, � 16, effective June 11. L. 2022: (4) amended, (HB 22-1390), ch. 237, p. 1745, � 4, effective May 26.