Board of trustees empowered to lease grounds.

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  1. Repealed.

  2. On and after September 1, 2002, for the purpose of providing dormitories, living anddining halls, or cottages and equipment for the use of the college, and to enable the construction, financing, and ultimate acquisition thereof, and to aid in improving undeveloped portions of the grounds of the Fort Lewis college, the board of trustees is empowered to lease grounds under its control to private persons or corporations for a term not exceeding fifty years and subject to such regulations as it may prescribe and upon the condition that such private persons or corporations shall construct and equip on such leased grounds such buildings or improvements as the board of trustees designates or approves and secure reimbursement for money invested therein from the rentals of such buildings or from their sale to the board of trustees acting for the state.

Source: L. 76: Entire section added, p. 577, § 1, effective April 5. L. 2002: Entire section amended, p. 1257, § 11, effective July 1; entire part amended, p. 1243, § 11, effective August 7.

Editor's note: (1) Amendments to this section by House Bill 02-1260 and House Bill 02-1419 were harmonized.

(2) Subsection (1)(b) provided for the repeal of subsection (1), effective July 1, 2003. (See L. 2002, p. 1257.)

Cross references: For the legislative declaration contained in the 2002 act amending this section, see section 1 of chapter 303, Session Laws of Colorado 2002.


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