HOUSE BILL 981050
BY REPRESENTATIVES Tool and Bacon;
also SENATORS Wells, Matsunaka, and Norton.
CONCERNING MULTIPLEYEAR EMPLOYMENT CONTRACTS
AT INSTITUTIONS OF HIGHER EDUCATION.
Be it enacted by the General Assembly of the State
of Colorado:
SECTION 1. The
introductory portion to 2419104 (1), Colorado
Revised Statutes, is amended, and the said 2419104
is further amended BY THE ADDITION OF A NEW SUBSECTION, to read:
2419104. Terms of employment
contracts public inspection. (1) EXCEPT
AS EXPRESSLY PERMITTED PURSUANT TO SUBSECTION (1.5) OF THIS SECTION,
if any governmental unit or governmentfinanced entity enters
into an employment contract or employment contract extension with
a governmentsupported official or employee, such employment
contract or employment contract extension shall contain terms
that clearly state that:
(1.5) (a) NOTWITHSTANDING THE PROVISIONS
OF PARAGRAPH (a) OF SUBSECTION (1) OF THIS SECTION, EACH SYSTEM
OF HIGHER EDUCATION AND EACH CAMPUS OF EACH STATE INSTITUTION
OF HIGHER EDUCATION MAY HAVE IN EFFECT EMPLOYMENT CONTRACTS OR
EMPLOYMENT CONTRACT EXTENSIONS HAVING A DURATION NOT MORE THAN
FIVE YEARS WITH NOT MORE THAN SIX GOVERNMENTSUPPORTED OFFICIALS
OR EMPLOYEES IF:
(I) THE GOVERNING BOARD OF THE INSTITUTION
DETERMINES THAT THE CONTRACT OR EXTENSION IS NECESSARY FOR THE
HIRING OR RETAINING OF THE EMPLOYEE IN LIGHT OF PREVAILING MARKET
CONDITIONS AND COMPETITIVE EMPLOYMENT PRACTICES IN OTHER STATES;
(II) THE CONTRACT CONTAINS A CLAUSE THAT
THE INSTITUTION REMAINS FREE TO TERMINATE THE CONTRACT OR EXTENSION
WITHOUT PENALTY IF SUFFICIENT FUNDS ARE NOT APPROPRIATED.
(b) NOTHING IN THIS SUBSECTION (1.5) SHALL
BE CONSTRUED TO EXEMPT ANY GOVERNMENTAL UNIT OR GOVERNMENTFINANCED
ENTITY FROM THE REQUIREMENTS OF SECTION 2419103.
SECTION 2. Safety
clause. The general assembly hereby finds, determines, and
declares that this act is necessary for the immediate preservation
of the public peace, health, and safety.
____________________________ ____________________________
Charles E. Berry Tom Norton
SPEAKER OF THE HOUSE PRESIDENT OF
OF REPRESENTATIVES THE SENATE
____________________________ ____________________________
Judith M. Rodrigue Patricia K. Dicks
CHIEF CLERK OF THE HOUSE ASSISTANT SECRETARY OF
OF REPRESENTATIVES THE SENATE
APPROVED________________________________________
_________________________________________
Roy Romer
GOVERNOR OF THE STATE
OF COLORADO