§ 23-31-118 — Advancement of money and pledge of income - definition

(1)
The board of governors of the Colorado state university system, designated in this
section as the board, is authorized to enter into contracts for the advancement of
money for the construction and acquisition of facilities or equipment, or both, for
the Colorado state university veterinary medicine hospital, or any part thereof, and,
in connection with or as a part of such contracts, to pledge revenues from a special
hospital fee that the board shall collect pursuant to agreements entered into with
or with respect to each accountable student as security for the repayment of the
money advanced, together with interest. For purposes of this section, an
accountable student is a person who, as of the date of their selection for
admission into the professional veterinary medicine program, is not receiving
funding, either from the state of Colorado or from a state that has entered into a
cooperative agreement with the state of Colorado pursuant to section 24-60-601,
for all or any portion of the costs incurred in participating in the professional
veterinary medicine program. An annual fee is charged to and paid by each
accountable student and as a condition to that student's continued enrollment in
the professional veterinary medicine program. The board shall fix the fee annually
in an amount sufficient to meet the obligation authorized by this section.

(2) The board, in accordance with state law, shall annually assess each
cooperative state or accountable student a support fee to reimburse Colorado for
instructional costs. Colorado shall share proportionately in the acquisition or
replacement of equipment and renovation projects. The amount to be paid by
Colorado is determined by the annual ratio of Colorado students to accountable
students based upon beginning enrollment of each school year. The fee required to
be collected pursuant to this subsection (2) is based on a student's status as an
accountable student at the time of selection for admission into the professional
veterinary medicine program and shall not be reduced or waived regardless of the
student's status as an in-state student, pursuant to the provisions of section 23-7-103, at any time during the student's participation in the professional veterinary
medicine program.

(3) to (7) (Deleted by amendment, L. 2025).

Legislative History

Source: L. 2007: Entire article amended with relocations, p. 529, � 2, effective August 3. L. 2013: (2) amended, (HB 13-1026), ch. 12, p. 33, � 1, effective March 8. L. 2025: Entire section amended, (HB 25-1131), ch. 49, p. 218, � 1, effective August 6.