(1) Repealed.
(2) The Auraria board shall have the power and authority to develop, construct, hold, lease, and dispose of complementary facilities and to facilitate the development and construction of complementary facilities by entering into leases or other contractual arrangements with private persons or entities.
(3) The Auraria board shall have the same powers with respect to a complementary facility as it has with respect to auxiliary facilities under this article and under article 5 of this title.
(4) Without limiting the scope of any other power granted to the Auraria board in this article, the Auraria board shall have the power and authority to enter into one or more ground leases for portions of the center with private persons or entities, which lease shall require the lessee to develop a complementary facility upon the leased premises. The Auraria board shall not subordinate its interest in land subject to such a ground lease but may enter into attornment and nondisturbance agreements with any party providing financing to the lessee.
(5) Any moneys derived from a complementary facility shall be devoted first to payment of any debt service on bonds that are secured by the moneys and all expenses connected with the complementary facility and then to furthering the mission of the Auraria board and the center, including but not limited to applying the moneys pursuant to subsection (3) of this section. Moneys derived from a complementary facility shall be continuously appropriated to the Auraria board and shall remain in the control of the Auraria board and shall not be transferred or revert to the general fund of the state at the end of any fiscal year.
Source: L. 2008: Entire section added, p. 1079, � 4, effective May 22. L. 2025: (1) repealed, (SB 25-275), ch. 377, p. 2109, � 336, effective August 6.
Editor's note: Subsection (1) was relocated to � 23-70-101.3 in 2025.
23-70-106. Auraria board to have certain powers similar to powers exercised by the governing bodies of other state institutions of higher education. (1) The Auraria board may exercise the following powers to the same extent and in the same manner as may be provided or extended by law to the governing boards of state institutions of higher education:
(a) To promulgate rules and regulations for the safety of students, employees, and property located within the center;
(b) To promulgate rules and regulations providing for the operation and parking of vehicles upon the grounds, driveways, or roadways within the center under the control of the Auraria board;
(c) To cede jurisdiction for the enforcement of traffic laws;
(d) To institute and carry out a system of registration and identification of vehicles owned or operated by students, faculty, and staff attending or employed by the constituent institutions and the Auraria staff located at the center; and
(e) To receive gifts and bequests of money or property which may be tendered to the Auraria board.
Source: L. 74: Entire article added, p. 393, � 1, effective May 13.