(1) On or before July 15, 2000, a member of the board, designated by the governor,
shall call and convene the initial organizational meeting of the board after transfer
of the authority to the department and shall serve as its chairperson pro tempore. At such meeting, appropriate bylaws shall be presented for adoption. The bylaws may provide for the delegation of certain powers and duties and such
other matters as the authority deems proper. At such meeting, and annually thereafter, the board shall elect one of its members
as chairperson and one as vice-chairperson.
(2) The director or any other person designated by the board shall keep a record of
the proceedings of the board and shall be custodian of all books, documents, and papers
filed with the board and the minute books or journal of the board. Said director or other person may cause copies to be made of all minutes and other
records and documents of the board and may give certificates to the effect that such
copies are true copies and all persons dealing with the authority may rely on such
(3) The board may delegate to one or more of its members or to its director such powers
and duties as it may deem proper and to its director or any other person designated
by the board, the power to fix the interest rates of any particular issue, subject
to such limitations as shall be prescribed by the board.
(5) Any member of the board shall disqualify himself or herself from voting on any
issue in which he or she has a conflict of interest unless such member has disclosed
such conflict of interest in compliance with section 18-8-308, C.R.S.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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