C.R.S. Section 23-21-509
Status of part 4 corporation

  • effect of actions taken by part 4 corporation
  • validation of certain actions

(1)

It is the intent of the general assembly in enacting this section to address the status of the part 4 corporation, and actions taken by such corporation on and after October 1, 1989, as said status and actions relate to the operation of university hospital by the authority. Nothing in this section shall be construed to affect any litigation concerning the part 4 corporation.

(2)

The hospital assets and hospital liabilities which existed on September 30, 1989, and which were transferred by the regents to the part 4 corporation on October 1, 1989, shall be transferred to the authority in accordance with the provisions of this part 5.

(3)

Any indebtedness or other obligations incurred by the part 4 corporation between October 1, 1989, and the transfer date under this part 5 shall be assumed by the authority on such transfer date.

(4)

Any assets acquired by the part 4 corporation between October 1, 1989, and the transfer date under this part 5 may be transferred to the authority on such transfer date.

(5)

Any contract, lease, license agreement, credit agreement, or similar business transaction entered into by the part 4 corporation between October 1, 1989, and the transfer date under this part 5 may be ratified by the authority on or after said transfer date. The ratification of any such transaction shall be in the sole discretion of the authority.

(6)

The employees of the part 4 corporation shall be subject to the provisions of part 6 of this article with respect to the employment status and pension status of such employees.

(7)

The transfer of moneys from PERA to a qualified retirement plan provided by the part 4 corporation on or after October 1, 1989, is declared to be a valid transfer. The status of the part 4 corporation’s qualified retirement plan shall be as provided in section 23-21-604.

(8)

The part 4 corporation shall cooperate with the authority in accomplishing the purposes of this section and the remaining provisions of this part 5 and in accomplishing the purposes of part 6 of this article.

Source: Section 23-21-509 — Status of part 4 corporation - effect of actions taken by part 4 corporation - validation of certain actions, 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

§ 23-21-509’s source at colorado​.gov