Colorado Code § 23-20-116

Claims against university. Except with respect to claims coming within the
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provisions of article 10 of title 24, C.R.S., the board of regents shall audit all claims against the
university, and the president shall draw all warrants and checks for approved claims; but before
payment such warrants and checks shall be countersigned by the secretary, who shall keep a
specific and complete record of all matters involving the expenditure of money, which record
shall be submitted to the board of regents at each regular meeting of the same.

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