As used in this part 7, unless the context otherwise requires: “Additional financed purchase of an asset or certificate of participation agreement” means any transaction entered into on or after July 1, 1987, in which the state, acting by and through the department of personnel as provided by this part 7, is the lessee of […]
If the director determines that the state will realize economic or other benefits by revising or replacing existing financed purchase of an asset or certificate of participation agreements, or by entering into additional financed purchase of an asset or certificate of participation agreements, or by combining all or any portion of existing or additional financed […]
The seller under any additional financed purchase of an asset or certificate of participation agreement entered into by the director pursuant to the provisions of this part 7 shall be any for-profit or nonprofit corporation, trust, or commercial bank as trustee. On and after August 11, 2010: The director is authorized to execute on behalf […]
Every additional financed purchase of an asset or certificate of participation agreement authorized by the director pursuant to this part 7 shall provide that all payment obligations of the state under such additional financed purchase of an asset or certificate of participation agreement are subject to annual appropriation by the general assembly and that such […]
Any additional financed purchase of an asset or certificate of participation agreement entered into by the director pursuant to this part 7 may contain such terms, provisions, and conditions as the director may deem appropriate. Such provisions may allow the state to receive fee title to the real and personal property which is the subject […]
Rentals and other payments made by the state under any additional financed purchase of an asset or certificate of participation agreement entered into pursuant to this part 7 may be made from money appropriated by the general assembly without the necessity of a separate bill. Source: L. 87: Entire part added, p. 1118, § 1, […]
The director may enter into or execute or may negotiate with any officer of the state to enter into or execute any deed, conveyance, escrow agreement, or other agreement or instrument that he deems necessary or appropriate in connection with any additional financed purchase of an asset or certificate of participation agreement entered into pursuant […]
The provisions of section 24-30-202 (5)(b) shall not apply to any additional financed purchase of an asset or certificate of participation agreement or ancillary agreement entered into pursuant to this part 7. Any provision of the fiscal rules promulgated pursuant to section 24-30-202 (1) and (13) that the controller deems to be incompatible or inapplicable […]
Institutions of postsecondary education, including the board of directors of the Auraria higher education center, may utilize the provisions of this part 7 so long as the criteria established by this part 7 for inclusion in a master financed purchase of an asset or certificate of participation agreement are satisfied and so long as such […]
