§ 31-25-906 — Powers - duties of board

Colorado § 31-25-906

• Jurisdiction: Colorado
• Title 31: Government
• Art.: Public Improvements

Text

(1) Subject to the provisions of this
part 9 and subject to other applicable provisions of law, the board shall have all
powers customarily vested in the board of directors of a corporation. It shall appoint
a director, who shall recommend the hiring of such staff as may be required. The
board shall exercise supervisory control over the activities of the director and the
staff of the authority in carrying out the functions authorized by this part 9.

(2) In addition to the powers granted by subsection (1) of this section, the
board, acting on behalf of the authority, shall also have the power:

(a) To conduct investigations for the purposes of locating reserves of
unconventional gas and the means and methods of exploring, developing, and
producing such gas;

(b) To take over, by purchase, lease, or otherwise, any project undertaken by
any government or by the municipality; except that such takeover shall not
interfere with the normal use of any real property, or other property appurtenant
thereto, which is devoted or dedicated to a public utility use;

(c) To act as agent for the federal government in connection with the
acquisition, construction, operation, or management of the project or any part
thereof.

(3) To the extent authorized by the governing body, the board may provide,
out of project funds, for the compensation and the reimbursement of actual and
necessary expenses of the board of the authority.

Legislative History

Source: L. 80: Entire part added, p. 660, � 1, effective July 1.