Colorado § 23-70-105.5 Public-private developments

Colorado Statutes

§ 23-70-105.5 — Public-private developments

Colorado § 23-70-105.5

Title 23Postsecondary Education

Art.Auraria Higher Education Center

This text of Colorado § 23-70-105.5 (Public-private developments) 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. § 23-70-105.5 (2026).

Text

(1)Repealed.

(2)The Auraria board shall have the power and authority to develop, construct, hold, lease, and dispose of complementary facilities and to facilitate the development and construction of complementary facilities by entering into leases or other contractual arrangements with private persons or entities.

(3)The Auraria board shall have the same powers with respect to a complementary facility as it has with respect to auxiliary facilities under this article and under article 5 of this title.

(4)Without limiting the scope of any other power granted to the Auraria board in this article, the Auraria board shall have the power and authority to enter into one or more ground leases for portions of the center with private persons or entities, which lease shall require the

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(1) Repealed.

(2) The Auraria board shall have the power and authority to develop,
construct, hold, lease, and dispose of complementary facilities and to facilitate the
development and construction of complementary facilities by entering into leases
or other contractual arrangements with private persons or entities.

(3) The Auraria board shall have the same powers with respect to a
complementary facility as it has with respect to auxiliary facilities under this article
and under article 5 of this title.

(4) Without limiting the scope of any other power granted to the Auraria
board in this article, the Auraria board shall have the power and authority to enter
into one or more ground leases for portions of the center with private persons or
entities, which lease shall require the lessee to develop a complementary facility
upon the leased premises. The Auraria board shall not subordinate its interest in
land subject to such a ground lease but may enter into attornment and
nondisturbance agreements with any party providing financing to the lessee.

(5) Any moneys derived from a complementary facility shall be devoted first
to payment of any debt service on bonds that are secured by the moneys and all
expenses connected with the complementary facility and then to furthering the
mission of the Auraria board and the center, including but not limited to applying
the moneys pursuant to subsection (3) of this section. Moneys derived from a
complementary facility shall be continuously appropriated to the Auraria board and
shall remain in the control of the Auraria board and shall not be transferred or
revert to the general fund of the state at the end of any fiscal year.

Legislative History

Source: L. 2008: Entire section added, p. 1079, � 4, effective May 22. L. 2025: (1) repealed, (SB 25-275), ch. 377, p. 2109, � 336, effective August 6.