The Auraria board is prohibited from creating any debt as against the state of Colorado or the governing boards of the constituent institutions or from incurring any expense beyond its ability to pay the same from the annual income or appropriated funds for the then current year.
Source: L. 74: Entire article added, p. 394, § 1, effective May 13.
Structure Colorado Code
Title 23 - Postsecondary Education
Article 70 - Auraria Higher Education Center
§ 23-70-101. Legislative Declaration
§ 23-70-101.5. Board Abolished
§ 23-70-102. Auraria Board - Membership - Terms - Oath or Affirmation - Voting
§ 23-70-103. Responsibility of Governing Boards of Constituent Institutions
§ 23-70-104. Duties of the Auraria Board
§ 23-70-105. General Powers of the Auraria Board
§ 23-70-105.5. Public-Private Developments - Definitions
§ 23-70-106.5. Resolution of Disputes at Auraria Center
§ 23-70-107. Borrowing Funds for Auxiliary or Complementary Facilities
§ 23-70-111. Certain Debts and Expenses Prohibited
§ 23-70-112. Limitation of Actions
§ 23-70-114. Powers of Board Not Limited
§ 23-70-115. Directive - Master Plans
§ 23-70-116. Auraria Library - Economic Development Database