CU as "public authority"

From the Colorado Daily:

CU may take yet another step to free itself from controls imposed by the state of Colorado. The university may file to become a “public authority,” a public corporation contracted by the state to fulfill a public benefit or service. CU is currently an “enterprise,” a governmental organization that executes state power and responsibility. Moving from an enterprise to a public authority would loosen CU from limits imposed by the state.

Also found this little tidbit interesting:

"Colorado is ranked 48th in the nation for higher-education funding as a share of personal income, according to the Center for Budget and Policy Priorities."