C.R.S. Section 23-21-505
Authorization for transfer of hospital assets and liabilities to authority

(1)

Following the creation of the authority and on the transfer date under this part 5, the regents shall have the authority to lease, convey, or otherwise transfer to the authority some or all hospital assets, except land which may be leased to the authority for a term not to exceed ninety-nine years. Any such lease, conveyance, or transfer shall be on such terms as may be approved by the regents and in consideration of the authority’s agreement to assume the hospital liabilities and to continue to support the education, research, patient care, care to the medically indigent, and public service activities of the university of Colorado.

(2)

Any transfer of hospital assets to the authority pursuant to this section shall be conditioned upon the existence of a binding agreement between the regents and the authority which provides that, effective on the transfer date under this part 5 and thereafter, the authority shall assume responsibility for and shall defend, indemnify, and hold harmless the regents and the state and the part 4 corporation and its officers and directors with respect to:

(a)

All liabilities and duties of the regents pursuant to contracts, agreements, and leases for commodities, services, and supplies utilized by university hospital, including real property leases;

(b)

All claims related to the employment relationship between employees of the authority and the authority on and after the transfer date under this part 5;

(c)

All claims for breach of contract resulting from the authority’s action or failure to act on and after the transfer date under this part 5;

(d)

All claims related to the authority’s errors and omissions including, but not limited to: Medical malpractice; directors and officers liability; workers’ compensation; automobile liability; and premises, completed operations, and products liability; and

(e)

All claims related to the part 4 corporation’s errors and omissions prior to the transfer date under this part 5, including, but not limited to: Medical malpractice; directors and officers liability; workers’ compensation; automobile liability; and premises, completed operations, and products liability.

(3)

Any transfer of hospital assets to the authority shall be further conditioned upon the existence of a binding agreement between the regents and the authority by which the authority shall accept and agree to abide by the provisions set forth in section 23-21-504 concerning the mission of the authority, the provisions in sections 23-21-507 and 23-21-508, and the provisions of part 6 of this article concerning employees of university hospital, the part 4 corporation, and the authority.

Source: Section 23-21-505 — Authorization for transfer of hospital assets and liabilities to authority, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-23.­pdf (accessed Oct. 20, 2023).

23‑21‑201
Legislative declaration 23‑21‑202
Definitions 23‑21‑203
Center created - committee established 23‑21‑204
Duties of the school of medicine 23‑21‑301
Legislative declaration 23‑21‑302
Definitions 23‑21‑303
Center created - committee established 23‑21‑304
Duties of the school of medicine 23‑21‑501
Legislative declaration 23‑21‑502
Definitions 23‑21‑503
University of Colorado hospital authority 23‑21‑504
Mission of the authority - obligation to provide uncompensated care - action of the board of directors 23‑21‑505
Authorization for transfer of hospital assets and liabilities to authority 23‑21‑506
Relationship between authority and regents 23‑21‑507
Personnel 23‑21‑508
Retirement benefits - rights of former state employees - PERA membership 23‑21‑509
Status of part 4 corporation - effect of actions taken by part 4 corporation - validation of certain actions 23‑21‑510
Records of board of directors 23‑21‑511
Meetings of board of directors 23‑21‑512
Disclosure of interests required 23‑21‑513
General powers of the authority 23‑21‑514
Bonds and notes 23‑21‑515
Remedies 23‑21‑516
Negotiable instruments 23‑21‑517
Bonds eligible for investment 23‑21‑518
Refunding bonds 23‑21‑519
Nonliability of state for bonds 23‑21‑520
Members of authority not personally liable on bonds 23‑21‑521
Annual report 23‑21‑522
Powers of the authority - investments 23‑21‑523
Agreement of this state 23‑21‑524
This part 5 not a limitation of powers 23‑21‑525
Exemption from property taxation 23‑21‑526
Psychiatric hospital 23‑21‑527
General assembly retains authority to enact laws governing university hospital 23‑21‑528
Severability 23‑21‑601
Legislative declaration 23‑21‑602
Personnel - election to return to state personnel system 23‑21‑603
Pension status of part 4 corporation employees 23‑21‑604
Transfers necessary to accomplish the purposes of this part 6 23‑21‑701
Legislative declaration 23‑21‑702
Definitions 23‑21‑703
Center created 23‑21‑704
Duties of the school of medicine 23‑21‑801
Short title 23‑21‑802
Legislative declaration 23‑21‑803
Definitions 23‑21‑804
Medication-assisted treatment expansion pilot program - created - pilot program location - eligible grant recipients - rules 23‑21‑805
MAT expansion advisory board - created - duties 23‑21‑806
Grant application - criteria - awards 23‑21‑807
Reporting requirements 23‑21‑808
Funding for pilot program 23‑21‑901
Regional health connector workforce program - creation - school of medicine - repeal 23‑21‑1001
Medication for opioid use disorder - consultation - stipends - school of medicine duties - legislative declaration 23‑21‑1101
Legislative declaration 23‑21‑1102
Definitions 23‑21‑1103
Colorado multidisciplinary health-care provider access training program - created 23‑21‑1104
Colorado multidisciplinary health-care provider access training program advisory committee - created - training 23‑21‑1105
Reporting
Green check means up to date. Up to date

Current through Fall 2024

§ 23-21-505’s source at colorado​.gov