The determination of the committee that the limitations imposed under this part 7 upon the issuance of securities under this part 7 have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion, regardless of whether the authorizing resolution or the securities thereby authorized contain a recital as authorized by section 23-71-707.
Source: L. 75: Entire article added, p. 784, § 1, effective July 1.
Structure Colorado Code
Title 23 - Postsecondary Education
Article 71 - Local District Colleges
Part 7 - Local District Colleges - Revenue Securities Law
§ 23-71-703. Power to Issue Securities
§ 23-71-704. Interim Securities
§ 23-71-705. Terms of Securities
§ 23-71-706. Payable From Special Fund
§ 23-71-707. Recital of Regularity
§ 23-71-708. Committee Determination Conclusive
§ 23-71-709. No Impairment of Contract