The board of governors of the Colorado state university system has the right to invest in the same manner as provided in section 23-31-504 any other permanent funds, the principal of which is not subject to use, that may be held by or granted to the state for the use of the Colorado state university or other institutions under the control of the board of governors of the Colorado state university system.
Source: L. 2007: Entire article amended with relocations, p. 539, § 2, effective August 3.
Editor's note: This section is similar to former § 23-32-106 as it existed prior to 2007. 23-31-506. Report on condition - appropriation. The board of governors of the Colorado state university system, on or before the fifteenth day of December immediately preceding the convening of the general assembly, shall make a report to the governor and the joint budget committee showing the condition of said fund, the investment thereof, the security taken therefor, and the amount of income derived therefrom. The report shall be submitted by the governor to the general assembly. If the report shows any loss in such funds, the amount of the loss shall be included in the governor's budget in order that the general assembly may fulfill the contractual obligations assumed by the state in accepting the provisions and grants of said act of congress of 1862 through an appropriation to repay the loss and keep the principal of such fund unimpaired.
Source: L. 2007: Entire article amended with relocations, p. 539, § 2, effective August 3. Editor's note: This section is similar to former § 23-32-107 as it existed prior to 2007.