The governing board of any state educational institution shall not create a mortgage upon any property belonging to the institution, nor shall the state be obligated, for the purpose of securing the repayment of any funds advanced pursuant to the provisions of sections 23-5-102 to 23-5-105 or the interest on such funds.
Source: L. 53: p. 555, § 3. CRS 53: § 124-1-8. C.R.S. 1963: § 124-1-6.