The state treasurer is authorized to issue anticipation warrants in such amounts as requested by the board of trustees, the total amount of which shall not exceed one million dollars, to be repaid exclusively from the user revenues accruing to the Colorado school of mines research building revolving fund as provided in this section and sections 23-41-116 and 23-41-117. The anticipation warrants shall bear interest at a rate not exceeding six percent per annum and shall not be sold at a price less than the face value thereof. Disbursements from said fund shall be only by warrant upon vouchers certified by the board of trustees.
Source: L. 77: Entire section added, p. 1121, § 1, effective May 16.
Structure Colorado Code
Title 23 - Postsecondary Education
Part 1 - Colorado School of Mines
§ 23-41-101. Location - Powers
§ 23-41-102. Board of Trustees - Term
§ 23-41-103. Oath or Affirmation of Trustees
§ 23-41-103.5. The Colorado School of Mines Fund - Creation - Control - Use
§ 23-41-103.6. Investments in Consolidated Funds
§ 23-41-103.7. Corporate Stock in Name of Nominee Authorized
§ 23-41-103.8. Investment Policy - Fiduciary Responsibility
§ 23-41-104. Control - Management
§ 23-41-104.6. Performance Contract - Authorization - Operations
§ 23-41-105. School Established - Role and Mission
§ 23-41-106. May Procure Machinery
§ 23-41-107. Tuition - School Open to All
§ 23-41-108. Officers - Meeting of Board
§ 23-41-111. Assays and Analyses
§ 23-41-112. Transfer of Property
§ 23-41-113. Fund Used Exclusively for School
§ 23-41-114. Colorado Energy Research Institute - Creation
§ 23-41-116. Rents or Charges for Buildings and Facilities for Research
§ 23-41-117. Research Building Revolving Fund - Appropriation of Fund
§ 23-41-118. Anticipation Warrants
§ 23-41-119. Purchase of Anticipation Warrants