§ 23-31-506 — Report on condition - appropriation

The board of governors of
the Colorado state university system, on or before the fifteenth day of December
immediately preceding the convening of the general assembly, shall make a report
to the governor and the joint budget committee showing the condition of said fund,
the investment thereof, the security taken therefor, and the amount of income
derived therefrom. The report shall be submitted by the governor to the general
assembly. If the report shows any loss in such funds, the amount of the loss shall be
included in the governor's budget in order that the general assembly may fulfill the
contractual obligations assumed by the state in accepting the provisions and grants
of said act of congress of 1862 through an appropriation to repay the loss and keep
the principal of such fund unimpaired.

Legislative History

Source: L. 2007: Entire article amended with relocations, p. 539, � 2, effective August 3.