CO SB109

Allows the Auraria board to pay existing auxiliary facility bonds from sources other than the facilities' revenues for fiscal years 2020-21 and 2021-22 only, citing COVID-19 pandemic financial pressures and reduced campus occupancy.

Permits the three constituent institutions (University of Colorado Denver, Metropolitan State University of Denver, and Community College of Denver) to contribute funds from any source to support Auraria bond payments during the emergency period.

Appropriates $5,500,000 to the department of higher education for the Auraria higher education center for fiscal year 2020-21, consisting of $2,750,000 from the general fund and $2,750,000 from institutional sources.

Specifies institutional contributions for 2020-21: $1,389,300 from Metropolitan State University of Denver, $980,700 from University of Colorado, and $380,000 from the state board for community colleges.

Authorizes use of appropriated funds for bond and certificate of participation payments and reserves needed to meet bond coverage ratios.