The general assembly hereby finds and declares that: The city and county of Denver department of health and hospitals: Provides access to quality preventive, acute, and chronic health care for all the citizens of Denver regardless of ability to pay; Provides high quality emergency medical services to the citizens of Denver and the Rocky Mountain […]
As used in this article, unless the context otherwise requires: “Authority” means the political subdivision and body corporate known as the Denver health and hospital authority created by this article. “Board” or “Board of directors” means the board of directors of the authority. “City” means the city and county of Denver as constituted under article […]
There is hereby created the Denver health and hospital authority, which shall be a body corporate and a political subdivision of the state, which shall not be an agency of the state or local government, and which shall not be subject to administrative direction or control by any department, commission, board, bureau, or agency of […]
The mission of the authority is to: Provide access to quality preventive, acute, and chronic health care for all the citizens of Denver regardless of ability to pay; Provide high quality emergency medical services to Denver and the Rocky Mountain region; Fulfill public health functions in accordance with the agreement entered into with the city […]
The authority is authorized to enter into agreements with the city for the purpose of leasing, conveying, or otherwise acquiring Denver’s health system assets. Any such lease, conveyance, transfer, or other agreement to acquire such assets shall be on such terms as may be agreed upon by the parties and shall include consideration of the […]
On and after the transfer date, except for the power of the city and the mayor to appoint and remove members of the authority’s board of directors, the city shall have no further control over the operation of the health system. The authority may enter into any agreement with the city including but not limited […]
Any employee of the Denver health system who is an employee of the city on the transfer date may elect to remain a city employee or may elect to become an employee of the authority. An employee may elect to become an employee of the authority at any time on or after the transfer date […]
Any former city employee who elects to become an employee of the authority shall be eligible for membership in the authority’s retirement plan. The authority shall qualify its retirement plan under section 401 (a) of the “Internal Revenue Code of 1986”, as amended, as a governmental plan under section 414 (d) of such code. Source: […]
All resolutions shall be recorded and authenticated by the signature of the secretary of the board of directors. The resolutions and other proceedings of the board of directors, minutes of the board meetings, annual reports and financial statements, certificates, contracts and financial agreements, employee salaries, and bonds given by officers, employees, and any other agents […]
All meetings of the board of directors of the authority shall be subject to the provisions of section 24-6-402, C.R.S. No business of the board of directors shall be transacted except at a regular or special meeting at which a quorum consisting of at least a majority of the total membership of the board is […]
Any member of the board of directors and any employee or other agent or advisor of the authority, who has a direct or indirect interest in any contract or transaction with the authority, shall disclose this interest to the authority. This interest shall be set forth in the minutes of the authority, and no director, […]
In addition to any other powers granted to the authority in this article, the authority shall have the following powers: To have the duties, privileges, immunities, rights, liabilities, and disabilities of a body corporate and political subdivision of the state; To have perpetual existence and succession; To adopt, have, and use a seal and to […]
The authority has the power and is authorized to issue from time to time its notes and bonds in such principal amounts as the authority determines to be necessary to provide sufficient funds for achieving any of its corporate purposes, including the payment of interest on notes and bonds of the authority, the establishment of […]
Any holder of bonds issued under the provisions of this article, or any coupons appertaining thereto and the trustee under any trust agreement or resolution authorizing the issuance of such bonds, except to the extent the rights under this article may be restricted by such trust agreement or resolution, may, either at law or in […]
Notwithstanding any of the foregoing provisions of this article or any recitals in any bonds issued under the provisions of this article, all such bonds and interest coupons appertaining thereto shall be negotiable instruments under the laws of this state, subject only to any applicable provisions for registration. Source: L. 94: Entire article added, p. […]
Bonds issued under the provisions of this article are hereby made securities in which all insurance companies, trust companies, banking associations, savings and loan associations, investment companies, executors, administrators, trustees, and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Public entities, as defined in section 24-75-601 […]
The board of directors may provide for the issuance of refunding obligations of the authority for the purpose of refunding any obligations then outstanding which have been issued under the provisions of this article, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of […]
Neither the state of Colorado nor the city shall be liable for bonds of the authority, and such bonds shall not constitute a debt of the state or the city. The bonds shall contain on the face thereof a statement to such effect. Source: L. 94: Entire article added, p. 668, § 1, effective April […]
Neither the members of the board of directors nor any authorized person executing bonds issued pursuant to this article shall be personally liable for such bonds by reason of the execution or issuance thereof. Source: L. 94: Entire article added, p. 668, § 1, effective April 19.
The authority shall submit to the mayor of the city within six months after the end of the fiscal year a report which shall set forth a complete and detailed operating and financial statement of the authority during such year. Also included in the report shall be any recommendations with reference to additional legislation or […]
