Colorado Code § 23-21-506

(1) Following the creation of
the authority and on the transfer date under this part 5, and except for the power of the regents to
appoint members of the board of directors, the regents shall have no further control over the
operation of university hospital but shall be authorized to:
(a) At such future date as the regents shall determine it to be necessary and for the
purpose of preserving the certification of the university of Colorado psychiatric hospital and
eligibility for federal funds thereunder, transfer some or all of the assets of the university of
Colorado psychiatric hospital to the authority operating university hospital pursuant to the
provisions of this article; except that the director of the university of Colorado psychiatric
hospital shall at all times be a professor of psychiatry in the school of medicine of the university
of Colorado. The transfer of assets of the university of Colorado psychiatric hospital shall be
conditional upon the provision of retirement benefits and the protection of accrued sick leave
and annual leave under sections 23-21-507 and 23-21-508 for state employees of the psychiatric
hospital who become employees of the authority.
(b) Notwithstanding the provisions of the "Procurement Code", articles 101 through 112
of title 24, C.R.S., enter into contracts with the authority for the provision of goods, services, and
facilities in support of programs of the university of Colorado; except that moneys paid to either
the regents or the authority under said contracts shall not exceed a reasonable estimate of actual
cost of the goods, services, or facilities.
(c) In the regents' discretion, provide the authority and its employees with medical
malpractice liability coverage from any self-insurance trust fund established pursuant to section
24-10-115, C.R.S., or any other provision of state law, or through such other fund or mechanism
which may be available for the provision of such coverage by the regents to university of
Colorado employees, at such cost as would be actuarially sound.

‹ Prev All Colorado sections Next ›

Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.