(1) In order to facilitate the investment, reinvestment, sale, and disposition of corporate stocks, the board of governors of the Colorado state university system, referred to in this section as the "board", 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 or are held in a fiduciary capacity if:
The records of the board and all reports or accounts rendered by it clearly show theownership of the stock by the board and the facts regarding the board's holdings; and
The nominee deposits with the board a signed statement showing the trust ownership,endorses the stock certificate in blank, and does not have possession of or access to the stock certificate except under the immediate supervision of the treasurer of the Colorado state university system or another person that the board has designated.
The board shall maintain a list of certificates of stock held in the names of nomineespursuant to this section and shall make the list available for public inspection during normal business hours.
Notwithstanding section 24-1-136 (11)(a)(I), the board shall report to the joint budget committee of the general assembly at each regular session regarding the investments made and the earnings or losses derived therefrom under the provisions of this section and section 23-30-121. The report shall include information indicating the extent to which the investment managers hired by the board have achieved or failed to achieve the performance benchmarks established pursuant to section 23-30-123 (1)(b).
Source: L. 2008: Entire section added, p. 343, § 6, effective April 10. L. 2017: (3) amended, (HB 17-1251), ch. 253, p. 1060, § 12, effective August 9.