§ 35-65-404 — Transfer of property

(1) On June 30, 1997, all items of property,
real and personal, including office furniture and fixtures, books, documents, and
records of the Colorado state fair authority, as it existed prior to said date, are
transferred to the Colorado state fair authority, created in the department of
agriculture, and shall become the property thereof.

(2) On and after June 30, 1997, whenever the Colorado state fair authority or
the board of commissioners of the Colorado state fair authority, as they existed
prior to June 30, 1997, is referred to or designated by any contract or other
document in connection with the Colorado state fair and industrial exposition, such
reference or designation shall be deemed to apply to the Colorado state fair
authority and the board of commissioners of the Colorado state fair authority,
created pursuant to section 35-65-401. All contracts entered into by the authority
or its board prior to June 30, 1997, in connection with the Colorado state fair and
industrial exposition, are hereby validated, with the Colorado state fair authority,
created in the department of agriculture, succeeding to all rights and obligations
under such contracts.

(3) No suit, action, or other judicial or administrative proceeding lawfully
commenced prior to June 30, 1997, or which could have been commenced prior to
said date, by or against the Colorado state fair authority, its board of
commissioners, or any officer thereof in such officer's official capacity or in relation
to the discharge of the official's duties shall abate by reason of the abolishment of
the Colorado state fair authority and its board, as they existed prior to said date,
and the creation, in the department of agriculture, of the Colorado state fair
authority and the board of commissioners of the Colorado state fair authority.

Legislative History

Source: L. 97: Entire section added, p. 813, � 2, effective June 30.