The board of trustees is authorized to lease or rent buildings constructed under the provisions of this article from the private persons or corporations constructing the buildings upon such terms as it deems satisfactory as to current rental, maintenance, and ultimate purchase, paying therefor out of the revenues derived from the operation of the buildings by the board of trustees or from other funds under its control that are available for general maintenance purposes.
Source: L. 2003: Entire article R&RE, p. 780, § 4, effective July 1.
Editor's note: This section is similar to former § 23-51-105 as it existed prior to 2003.
Structure Colorado Code
Title 23 - Postsecondary Education
Article 51 - Adams State University
§ 23-51-101. University Established - Role and Mission
§ 23-51-102. Board of Trustees - Creation - Members - Powers - Duties
§ 23-51-103. Board of Trustees for Adams State University Fund - Creation - Control - Use
§ 23-51-104. Lease of Grounds - Construction
§ 23-51-105. No Authority to Create State Obligation
§ 23-51-106. Board of Trustees to Control Buildings
§ 23-51-107. Board of Trustees May Rent Buildings
§ 23-51-108. State Property at Lease End