Colorado § 8-77-106 Unemployment revenue fund

Colorado Statutes

§ 8-77-106 — Unemployment revenue fund

Colorado § 8-77-106

Title 08Labor and

Art.Unemployment Compensation

This text of Colorado § 8-77-106 (Unemployment revenue fund) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 8-77-106 (2026).

Text

(1)There is hereby created the unemployment revenue fund, to which shall be credited all interest collected by the division on delinquent premiums or surcharges pursuant to the provisions of section 8-79-101, all penalties collected by the division pursuant to sections 8-79-104 (1)(a) and (1)(c) and 8-81-101 (4)(a)(II), all remaining moneys in the federal advance interest repayment fund after all known interest charges and associated administrative costs pursuant to section 8-77-103 have been paid pursuant to section 8-77-108 (3), and all investigative costs collected by the division pursuant to section 8-81-101

(4)(a)(III).

(2)All moneys accruing to the unemployment revenue fund in any manner whatsoever shall be maintained in a separate account by the state treasurer and shal

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(1) There is hereby created the
unemployment revenue fund, to which shall be credited all interest collected by the
division on delinquent premiums or surcharges pursuant to the provisions of section
8-79-101, all penalties collected by the division pursuant to sections 8-79-104 (1)(a)
and (1)(c) and 8-81-101 (4)(a)(II), all remaining moneys in the federal advance interest
repayment fund after all known interest charges and associated administrative
costs pursuant to section 8-77-103 have been paid pursuant to section 8-77-108 (3),
and all investigative costs collected by the division pursuant to section 8-81-101
(4)(a)(III).

(2) All moneys accruing to the unemployment revenue fund in any manner
whatsoever shall be maintained in a separate account by the state treasurer and
shall be annually appropriated by the general assembly to the division for the
purpose of enforcing compliance with the Colorado Employment Security Act.
Moneys in the unemployment revenue fund shall first be used to make refunds of
interest erroneously collected under the provisions of section 8-79-101.

(3) and (4) Repealed.

(5) Prior to the beginning of any fiscal year in which the department requests
an allocation diversion from the unemployment revenue fund, the joint budget
committee in conjunction with the state auditor shall certify that the department
has met the goals and time lines established in the work plans submitted the
previous year. No additional money shall be appropriated until all such prior
conditions of the work plan are satisfied.

(6) Of the moneys appropriated to the department for allocation to the
division for administrative services, not less than fifty percent shall be used to fund
enforcement activities. None of the remaining moneys shall be allocated to services
which compete directly with services available in the private sector.

(7) Repealed.

Legislative History

Source: L. 36, 3rd Ex. Sess.: p. 49, � 18. CSA: C. 167A, � 18. L. 41: p. 801, � 18. CRS 53: � 82-7-6. C.R.S. 1963: � 82-7-6. L. 73: p. 967, � 5. L. 77: (2) amended, p. 470, � 24, effective July 7. L. 79: (1) amended, p. 355, � 23, effective September 30. L. 81: (1) amended, p. 503, � 19, effective July 1. L. 87: (3) amended, p. 414, � 1, effective June 20. L. 90: (2) amended and (5) and (6) added, p. 1765, � 6, effective June 8; (3) and (4) repealed, p. 1766, � 8, effective June 8. L. 2000: (1), (2), and (5) amended, p. 814, � 2, effective July 1. L. 2009: (1) amended, (HB 09-1363), ch. 363, p. 1904, � 24, effective July 1. L. 2020: (7) added, (HB 20-1406), ch. 178, p. 811, � 3, effective June 29. L. 2021: (7) repealed, (SB 21-266), ch. 423, p. 2795, � 4, effective July 2.