Colorado Code § 24-51-209

Disbursements. Disbursements from the trust funds authorized in section
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24-51-208 shall be subject to the approval of the board and shall be made only for the benefits,
health-care subsidies, investments, refunds, single payments, payments of remaining member
contributions pursuant to the provisions of section 24-51-801, payments pursuant to the
provisions of part 17 of this article, and expenses of the association.

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