Colorado Code § 37-44-142

Officers' compensation
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The directors shall receive a salary at the rate of
four dollars per day while attending meetings and for each day necessarily spent in attending to
the business of the district and their actual and necessary expenses while engaged in official
business. The salary of the secretary shall not exceed fifteen hundred dollars per annum. No
director or any officer named in this article shall in any manner be interested, directly or
indirectly, in any contract awarded or to be awarded by the board or in the profits to be derived
therefrom, nor shall he or she receive any bonds, gratuity, or bribe; and for the violation of this
provision such officer commits a class 6 felony and shall be punished as provided in section 18-
1.3-401, C.R.S. He or she shall also forfeit his or her office upon conviction.

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