Colorado § 5-6-204 Cash fund created - definition - repeal

Colorado Statutes

§ 5-6-204 — Cash fund created - definition - repeal

Colorado·Title 05 Consumer·Art. Administration

(1)(a) All fees collected under this code and under article 10 of this title 5 prior to July 1, 2024, shall be credited to the uniform consumer credit code cash fund, which is created and referred to in this section as the fund, and all money credited to the fund shall be used for the administration and enforcement of this code and articles 10 and 19 of this title 5. Interest earned on the fund shall be credited to the fund. The general assembly shall make annual appropriations out of the fund for the administration and enforcement of this code and articles 10 and 19 of this title 5; except that expenditures by the administrator for consumer and creditor education resulting from the penalties provided in sections 5-2-303 (7)(f), 5-6-109 (1), 5-6-110, and 5-6-114 (2) shall not req

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(1) (a) All fees collected
under this code and under article 10 of this title 5 prior to July 1, 2024, shall be
credited to the uniform consumer credit code cash fund, which is created and
referred to in this section as the fund, and all money credited to the fund shall be
used for the administration and enforcement of this code and articles 10 and 19 of
this title 5. Interest earned on the fund shall be credited to the fund. The general
assembly shall make annual appropriations out of the fund for the administration
and enforcement of this code and articles 10 and 19 of this title 5; except that
expenditures by the administrator for consumer and creditor education resulting
from the penalties provided in sections 5-2-303 (7)(f), 5-6-109 (1), 5-6-110, and 5-6-114 (2) shall not require appropriation by the general assembly if the expenditures
do not exceed twenty-five thousand dollars per fiscal year and do not include the
hiring of any full-time equivalents.

(b) On September 30, 2024, the state treasurer shall transfer the
unexpended and unencumbered balance of the uniform consumer credit code 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(c) This subsection (1) is repealed, effective July 1, 2026.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 6 to the consumer credit unit cash fund created in
section 5-2-302 (11).

(2) and (3) Repealed.

(4) Notwithstanding subsection (1) of this section, the state treasurer shall
transfer the penalties collected pursuant to section 5-6-114 (1)(a) to the general
fund.

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Legislative History

Source: L. 2000: Entire article R&RE, p. 1254, � 1, effective July 1. L. 2001: Entire section amended, p. 30, � 14, effective March 9. L. 2002: Entire section amended, p. 150, � 1, effective March 27. L. 2003: (3) added, p. 454, � 1, effective March 5. L. 2011: (4) added, (HB 11-1221), ch. 121, p. 382, � 4, effective July 1. L. 2015: (2) and (3) repealed, (SB 15-264), ch. 259, p. 941, � 6, effective August 5. L. 2017: (1) amended, (HB 17-1238), ch. 260, p. 1171, � 11, effective August 9. L. 2023: (1) amended and (1.5) added, (SB 23-248), ch. 360, p. 2150, � 6, effective August 7.