Colorado § 5-16-134 Disposition of fees and fines - definition - repeal

Colorado Statutes

§ 5-16-134 — Disposition of fees and fines - definition - repeal

Colorado·Title 05 Consumer·Art. Colorado Fair Debt Collection Practices Act

(1)(a) All revenue, except fines, collected pursuant to this article 16 before July 1, 2024, shall be collected by the administrator and transmitted to the state treasurer, who shall credit the money to the collection agency cash fund, which fund is created and referred to in this section as the fund. The general assembly shall make annual appropriations from the fund for the uses and purposes of this article 16. All revenue credited to the fund, including earned interest, shall be used for the administration and enforcement of this article 16.

(b)On September 30, 2024, or as soon as practicable after that date, the state treasurer shall transfer the unexpended and unencumbered balance of the collection agency cash fund to the consumer credit unit cash fund created in section

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(1) (a) All
revenue, except fines, collected pursuant to this article 16 before July 1, 2024, shall
be collected by the administrator and transmitted to the state treasurer, who shall
credit the money to the collection agency cash fund, which fund is created and
referred to in this section as the fund. The general assembly shall make annual
appropriations from the fund for the uses and purposes of this article 16. All
revenue credited to the fund, including earned interest, shall be used for the
administration and enforcement of this article 16.

(b) On September 30, 2024, or as soon as practicable after that date, the
state treasurer shall transfer the unexpended and unencumbered balance of the
collection agency cash fund to the consumer credit unit cash fund created in
section 5-2-302 (11).

(c) This subsection (1) is repealed, effective July 1, 2026.

(1.5) On and after July 1, 2024, the state treasurer shall credit all fees
collected under this article 16 to the consumer credit unit cash fund created in
section 5-2-302 (11).

(2) All fines collected pursuant to this article 16, including but not limited to
fines collected pursuant to section 5-16-127, shall be collected by the administrator
and transmitted to the state treasurer, who shall credit the same to the general
fund.

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Legislative History

Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1104, � 1, effective August 9. L. 2023: (1) amended and (1.5) added, (SB 23-248), ch. 360, p. 2152, � 10, effective August 7.