§ 23-56-105 — Board of trustees empowered to lease grounds

For the
purpose of providing dormitories, living and dining halls, or cottages and equipment
for the use of Western Colorado university, and to enable the construction,
financing, and ultimate acquisition thereof, and to aid in improving undeveloped
portions of the grounds of the Western Colorado university, the board of trustees is
empowered to lease grounds under its control to private persons or corporations for
a term not exceeding fifty years and subject to regulations as it may prescribe, and
upon the condition that the private persons or corporations shall construct and
equip on the leased grounds buildings or improvements as the board of trustees
designates or approves and secure reimbursement for money invested therein from
the rentals of the buildings or from their sale to the board of trustees acting for the
state.

Legislative History

Source: L. 2003: Entire article R&RE, p. 787, � 6, effective July 1. L. 2012: Entire section amended, (HB 12-1331), ch. 254, p. 1268, � 6, effective August 1. L. 2019: Entire section amended, (HB 19-1178), ch. 400, p. 3543, � 5, effective July 1.