§ 23-53-109. Board of Trustees May Rent Buildings
The board of trustees is authorized to lease or rent buildings constructed under the provisions of this article from the private persons or corporations constructing the buildings upon such terms as the board deems satisfactory as to current rental, maintenance, and ultimate purchase, paying therefor out of the revenues derived from the operation of the […]
§ 23-53-110. To Be State Property at Lease End
Upon the termination of a lease or contract executed under the terms of this article providing for the construction and equipment of buildings, the buildings shall become the property of the state, together with all equipment, furnishings, or appurtenances therein contained or thereto attached; except that personal goods or effects of an occupant may be […]
§ 23-53-111. Leasehold Interest May Be Sold
Nothing in this article shall prevent the transfer or sale of the leasehold interests prior to their expiration, subject to the approval of the board of trustees. Source: L. 2003: Entire article R&RE, p. 784, § 5, effective July 1. Editor’s note: This section is similar to former § 23-53-113 as it existed prior to […]
§ 23-53-112. Board of Trustees May Rent Rooms
Upon the termination of a lease or contract executed with private persons or corporations for the construction of buildings under the terms of this article, the board of trustees is empowered to rent rooms or quarters in buildings erected under leases or contracts for reasonable compensation as the board deems best in relation to current […]
§ 23-53-103.3. Investments in Consolidated Funds
Unless otherwise restrained by the terms of a will, trust agreement, or other instrument of gift, the board of trustees is authorized to hold investments in one or more consolidated investment funds in which the participating trusts or accounts have undivided interests. Source: L. 2008: Entire section added, p. 341, § 3, effective April 10.
§ 23-53-103.4. Corporate Stock in Name of Nominee Authorized
In order to facilitate the investment, reinvestment, sale, and disposition of corporate stocks, the board of trustees is authorized to hold certificates of stock in the name of a nominee of its selection without disclosing the fact that the certificates are held by the board of trustees or are held in a fiduciary capacity if: […]
§ 23-53-103.6. Investment Policy – Fiduciary Responsibility
If the board of trustees votes to invest Colorado Mesa university’s assets pursuant to sections 23-53-103.3 and 23-53-103.4, then the board of trustees shall develop and annually review a written investment policy for Colorado Mesa university, which policy shall include: An acknowledgment by the board of trustees of the board’s fiduciary responsibility with respect to […]
§ 23-53-104. Board of Trustees for Colorado Mesa University to Supervise
The board of trustees shall have general supervision of Colorado Mesa university and the control and direction of the funds and appropriations made thereto, and the board of trustees shall have power to receive, demand, and hold for the uses and purposes of the university all money, lands, and other property which may be donated, […]
§ 23-53-105. Power to Acquire Land
The board of trustees shall also have power to take and hold, by gift, devise, or purchase or through exercise of the power of eminent domain pursuant to law, so much additional land as may become necessary for the location and construction of such additional buildings, structures, and other facilities as may be required for […]
§ 23-53-106. 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 Colorado Mesa university, and to enable the construction, financing, and ultimate acquisition thereof, and to aid in improving undeveloped portions of the grounds of Colorado Mesa university, the board of trustees is empowered to lease grounds under […]