Nothing in this article shall constitute authority to enter into a contract which in any way creates any debt or obligation upon the state on account of the construction of buildings or improvements; but buildings and improvements erected on lands under the control of the board of trustees and devoted to the uses of Colorado Mesa university under the terms of this article and the leasehold interest shall be exempt from taxation so far as permitted by the state constitution.
Source: L. 2003: Entire article R&RE, p. 783, § 5, effective July 1. L. 2011: Entire section amended, (SB 11-265), ch. 292, p. 1364, § 11, effective August 10.
Editor's note: This section is similar to former § 23-53-109 as it existed prior to 2003.
Cross references: For the legislative declaration in the 2011 act amending this section, see section 1 of chapter 292, Session Laws of Colorado 2011.
Structure Colorado Code
Title 23 - Postsecondary Education
Article 53 - Colorado Mesa University
§ 23-53-101. University Established - Role and Mission
§ 23-53-102. Board of Trustees - Creation - Members - Powers - Duties
§ 23-53-103. Board of Trustees for the Colorado Mesa University Fund - Creation - Control - Use
§ 23-53-103.3. Investments in Consolidated Funds
§ 23-53-103.4. Corporate Stock in Name of Nominee Authorized
§ 23-53-103.6. Investment Policy - Fiduciary Responsibility
§ 23-53-104. Board of Trustees for Colorado Mesa University to Supervise
§ 23-53-105. Power to Acquire Land
§ 23-53-106. Board of Trustees Empowered to Lease Grounds
§ 23-53-107. No Authority to Obligate State
§ 23-53-108. Buildings - Control Of
§ 23-53-109. Board of Trustees May Rent Buildings
§ 23-53-110. To Be State Property at Lease End