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 the board 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 available for general maintenance purposes.
Source: L. 2003: Entire article R&RE, p. 784, § 5, effective July 1.
Editor's note: This section is similar to former § 23-53-111 as it existed prior to 2003.
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