Colorado § 23-15-115 - Procedure before expenditure of proceeds.
Full text of Colorado Colorado Revised Statutes § 23-15-115 — Procedure before expenditure of proceeds., with citation guidance and answers to common questions.
§ 23-15-115. Procedure before expenditure of proceeds.
(1) Notwithstanding any other provisions of this article, the authority may not undertake any facility authorized by this article unless, prior to the expenditure of proceeds, the board finds that:
(a) Such facility will enable or assist an educational institution or a cultural institution to fulfill its obligation to provide facilities; and
(b) In the case of an educational institution, such facility has been reviewed and approved by the commission if such approval is required pursuant to section 23-1-106.
Source: L. 81: Entire article added, p. 1107, § 1, effective July 1. L. 84: Entire section amended, p. 637, § 3, effective April 5. L. 89: (1)(a) and (1)(b) amended, p. 991, § 7, effective April 8. L. 98: Entire section amended, p. 606, § 10, effective May 4.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 23-15-115
What does Colorado Revised Statutes § 23-15-115 cover?
Section 23-15-115 ("Procedure before expenditure of proceeds.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 23-15-115?
A common citation format is "Colorado Revised Statutes § 23-15-115" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 23-15-115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.