Colorado § 23-15-115 Procedure before expenditure of proceeds

Colorado Statutes

§ 23-15-115 — Procedure before expenditure of proceeds

Colorado·Title 23 Postsecondary Education·Art. Colorado Educational and Cultural

(1)Notwithstanding any other provisions of this article, the authority may not undertake any facility authorized by this article unless, prior to the expenditure of proceeds, the board finds that:

(a)Such facility will enable or assist an educational institution or a cultural institution to fulfill its obligation to provide facilities; and

(b)In the case of an educational institution, such facility has been reviewed and approved by the commission if such approval is required pursuant to section 23-1-106.

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(1) Notwithstanding
any other provisions of this article, the authority may not undertake any facility
authorized by this article unless, prior to the expenditure of proceeds, the board
finds that:

(a) Such facility will enable or assist an educational institution or a cultural
institution to fulfill its obligation to provide facilities; and

(b) In the case of an educational institution, such facility has been reviewed
and approved by the commission if such approval is required pursuant to section
23-1-106.

Colorado § 23-15-115 (Procedure before expenditure of proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 81: Entire article added, p. 1107, � 1, effective July 1. L. 84: Entire section amended, p. 637, � 3, effective April 5. L. 89: (1)(a) and (1)(b) amended, p. 991, � 7, effective April 8. L. 98: Entire section amended, p. 606, � 10, effective May 4.