Colorado § 23-41-103.5 The Colorado school of mines fund - creation - control - use

Colorado Statutes

§ 23-41-103.5 — The Colorado school of mines fund - creation - control - use

Colorado § 23-41-103.5

Title 23Postsecondary Education

Art.School of Mines

This text of Colorado § 23-41-103.5 (The Colorado school of mines fund - creation - control - use) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 23-41-103.5 (2026).

Text

(1)There is hereby created in the state treasury the Colorado school of mines fund which shall be under the control of and administered by the board of trustees of the Colorado school of mines in accordance with the provisions of this article. The board of trustees shall have authority and responsibility for all moneys of the board of trustees and of Colorado school of mines. The board of trustees shall designate, pursuant to its constitutional and statutory authority, those moneys received or acquired by the board of trustees or by the Colorado school of mines, whether by appropriation, grant, contract, or gift, by sale or lease of surplus real or personal property, or by any other means, whose disposition is not otherwise provided for by law, that shall be credited to the fund.

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(1) There is hereby created in the state treasury the Colorado school of mines fund
which shall be under the control of and administered by the board of trustees of the
Colorado school of mines in accordance with the provisions of this article. The
board of trustees shall have authority and responsibility for all moneys of the board
of trustees and of Colorado school of mines. The board of trustees shall designate,
pursuant to its constitutional and statutory authority, those moneys received or
acquired by the board of trustees or by the Colorado school of mines, whether by
appropriation, grant, contract, or gift, by sale or lease of surplus real or personal
property, or by any other means, whose disposition is not otherwise provided for by
law, that shall be credited to the fund. All interest derived from the deposit and
investment of moneys in the fund must be credited to the fund. The moneys in the
fund are hereby continuously appropriated to the board of trustees and shall
remain in the fund under the control of the board of trustees and shall not be
transferred or revert to the general fund of the state at the end of any fiscal year.

(2) The moneys in the Colorado school of mines fund shall be used by the
board of trustees of the Colorado school of mines in carrying out its statutory
powers and duties.

(3) Moneys in the Colorado school of mines fund that are not needed for
immediate use by the board of trustees of the Colorado school of mines may be
invested by the state treasurer in investments authorized by sections 24-36-109,
24-36-112, and 24-36-113, C.R.S. The board of trustees shall determine the amount
of moneys in the fund that may be invested and shall notify the state treasurer in
writing of such amount.

(4) If the board of trustees votes to invest Colorado school of mines assets
pursuant to sections 23-41-103.6 and 23-41-103.7, the board shall establish an
investment advisory committee consisting of at least five members to make
recommendations to the board regarding investments. The investment advisory
committee may include the treasurer of the board and up to three representatives
from the financial community.

Legislative History

Source: L. 2000: Entire section added, p. 396, � 1, effective August 2. L. 2013: (1) amended and (4) added, (HB 13-1297), ch. 260, p. 1371, � 1, effective August 7.