C.R.S. § 24-51-209

Disbursements from the trust funds authorized in section 24-51-208 shall be subject to the approval of the board and shall be made only for the benefits, health-care subsidies, investments, refunds, single payments, payments of remaining member contributions pursuant to the provisions of section 24-51-801 , payments pursuant to the provisions of part 17 of this article, and expenses of the association.