No loans to board or faculty - exception.

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No funds of the university shall ever be, directly or indirectly, loaned to the president or any of the regents, professors, or other officers of the said university; except that the board of regents may make loans secured by an equity interest in real estate in Colorado from funds not appropriated by the general assembly to full-time faculty members if such secured loans are made pursuant to a faculty housing assistance plan promulgated and approved by the board of regents.

Source: G.L. § 2771. G.S. § 3462. L. 1895: p. 238, § 3. R.S. 08: § 6959. C.L. § 8030. CSA: C. 169, § 33. CRS 53: § 124-2-30. C.R.S. 1963: § 124-2-20. L. 81: Entire section amended, p. 1115, § 1, effective May 28.


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