{"data":{"id":"us-co/c.r.s.-23-15-115","jurisdiction":"us-co","citation":"C.R.S. § 23-15-115","heading":"Procedure before expenditure of proceeds.","body":"(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:\n\n(a) Such facility will enable or assist an educational institution or a cultural institution to fulfill its obligation to provide facilities; and\n\n(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.","path":["Title 23 - POSTSECONDARY EDUCATION","Article 15 - Colorado Educational and Cultural Facilities Authority"],"source_url":"https://olls.info/crs/crs2026-title-23.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"98e2c95c5e25bd6a2031687e067f2d198e551b168b71d6917b871db0f4783c59","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-23-15-114","next":"us-co/c.r.s.-23-15-116"},"notice":"GroundRules: Original legal text. Not legal advice."}