§ 23-21-506 — Relationship between authority and regents

(1) Following the
creation of the authority and on the transfer date under this part 5, and except for
the power of the regents to appoint members of the board of directors, the regents
shall have no further control over the operation of university hospital but shall be
authorized to:

(a) At such future date as the regents shall determine it to be necessary and
for the purpose of preserving the certification of the university of Colorado
psychiatric hospital and eligibility for federal funds thereunder, transfer some or all
of the assets of the university of Colorado psychiatric hospital to the authority
operating university hospital pursuant to the provisions of this article; except that
the director of the university of Colorado psychiatric hospital shall at all times be a
professor of psychiatry in the school of medicine of the university of Colorado. The
transfer of assets of the university of Colorado psychiatric hospital shall be
conditional upon the provision of retirement benefits and the protection of accrued
sick leave and annual leave under sections 23-21-507 and 23-21-508 for state
employees of the psychiatric hospital who become employees of the authority.

(b) Notwithstanding the provisions of the Procurement Code, articles 101
through 112 of title 24, C.R.S., enter into contracts with the authority for the
provision of goods, services, and facilities in support of programs of the university
of Colorado; except that moneys paid to either the regents or the authority under
said contracts shall not exceed a reasonable estimate of actual cost of the goods,
services, or facilities.

(c) In the regents' discretion, provide the authority and its employees with
medical malpractice liability coverage from any self-insurance trust fund
established pursuant to section 24-10-115, C.R.S., or any other provision of state
law, or through such other fund or mechanism which may be available for the
provision of such coverage by the regents to university of Colorado employees, at
such cost as would be actuarially sound.

Legislative History

Source: L. 91: Entire part added, p. 561, � 2, effective June 1.