C.R.S. Section 23-41-103.5
The Colorado school of mines fund

  • creation
  • control
  • use

(1)

There is hereby created in the state treasury the Colorado school of mines fund which shall be under the control of and administered by the board of trustees of the Colorado school of mines in accordance with the provisions of this article. The board of trustees shall have authority and responsibility for all moneys of the board of trustees and of Colorado school of mines. The board of trustees shall designate, pursuant to its constitutional and statutory authority, those moneys received or acquired by the board of trustees or by the Colorado school of mines, whether by appropriation, grant, contract, or gift, by sale or lease of surplus real or personal property, or by any other means, whose disposition is not otherwise provided for by law, that shall be credited to the fund. All interest derived from the deposit and investment of moneys in the fund must be credited to the fund. The moneys in the fund are hereby continuously appropriated to the board of trustees and shall remain in the fund under the control of the board of trustees and shall not be transferred or revert to the general fund of the state at the end of any fiscal year.

(2)

The moneys in the Colorado school of mines fund shall be used by the board of trustees of the Colorado school of mines in carrying out its statutory powers and duties.

(3)

Moneys in the Colorado school of mines fund that are not needed for immediate use by the board of trustees of the Colorado school of mines may be invested by the state treasurer in investments authorized by sections 24-36-109, 24-36-112, and 24-36-113, C.R.S. The board of trustees shall determine the amount of moneys in the fund that may be invested and shall notify the state treasurer in writing of such amount.

(4)

If the board of trustees votes to invest Colorado school of mines assets pursuant to sections 23-41-103.6 and 23-41-103.7, the board shall establish an investment advisory committee consisting of at least five members to make recommendations to the board regarding investments. The investment advisory committee may include the treasurer of the board and up to three representatives from the financial community.

Source: Section 23-41-103.5 — The Colorado school of mines fund - creation - control - use, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-23.­pdf (accessed Oct. 20, 2023).

23‑41‑101
Location - powers 23‑41‑102
Board of trustees - term 23‑41‑103
Oath or affirmation of trustees 23‑41‑103.5
The Colorado school of mines fund - creation - control - use 23‑41‑103.6
Investments in consolidated funds 23‑41‑103.7
Corporate stock in name of nominee authorized 23‑41‑103.8
Investment policy - fiduciary responsibility 23‑41‑104
Control - management 23‑41‑104.6
Performance contract - authorization - operations 23‑41‑104.7
Funding 23‑41‑105
School established - role and mission 23‑41‑106
May procure machinery 23‑41‑107
Tuition - school open to all 23‑41‑108
Officers - meeting of board 23‑41‑109
Vacancies 23‑41‑110
Treasurer’s bond 23‑41‑111
Assays and analyses 23‑41‑112
Transfer of property 23‑41‑113
Fund used exclusively for school 23‑41‑114
Colorado energy research institute - creation 23‑41‑116
Rents or charges for buildings and facilities for research 23‑41‑117
Research building revolving fund - appropriation of fund 23‑41‑118
Anticipation warrants 23‑41‑119
Purchase of anticipation warrants 23‑41‑120
Warrants as security - when 23‑41‑121
Tax exemption 23‑41‑122
Borrowing funds 23‑41‑123
Moneys from Colorado school of mines lands 23‑41‑201
Transfer of geological survey - memorandum of understanding - report 23‑41‑202
Legislative declaration 23‑41‑203
Colorado geological survey - created - purpose 23‑41‑204
State geologist - appointment - qualifications 23‑41‑205
Objectives of survey - duties of state geologist 23‑41‑206
Employees 23‑41‑207
Fees - adjustments - geological survey cash fund - created 23‑41‑208
Reports concerning geologic information - definitions
Green check means up to date. Up to date

Current through Fall 2024

§ 23-41-103.5’s source at colorado​.gov