Procedural Requirements For State Enterprises

Under existing law, an institution of higher education (institution) or a group of institutions that is managed by a single governing board and any auxiliary facility or group of auxiliary facilities with similar functions that is managed by the governing body of an institution or by the board of directors of the Auraria higher education center (AHEC) may be designated as an enterprise by the institution's or facility's governing body. A number of auxiliary facilities are designated as enterprises in existing law.

The bill permits an institution or an auxiliary facility that was designated as an enterprise as of January 1, 2021, and that subsequently disqualifies as an enterprise, to qualify and be redesignated as an enterprise without voter approval.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)