Colorado § 22-10-107 Adult education and literacy grant fund - created

Colorado Statutes

§ 22-10-107 — Adult education and literacy grant fund - created

Colorado·Title 22 Education·Art. Adult Education and Literacy

(1)(a) There is created in the state treasury the adult education and literacy grant fund, referred to in this section as the fund, consisting of any moneys received by the department pursuant to subsection (2) of this section.

(b)The moneys in the fund are subject to annual appropriation by the general assembly to the department for the direct and indirect costs associated with implementing this article.

(c)Notwithstanding any provision of this part 1 to the contrary, the department, the office, and the state board are not required to implement the provisions of this article unless the general assembly appropriates sufficient state moneys to the fund to offset the costs of implementing the article.

(d)The state treasurer may invest, as provided by law, any moneys in the fu

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(1) (a) There is
created in the state treasury the adult education and literacy grant fund, referred
to in this section as the fund, consisting of any moneys received by the
department pursuant to subsection (2) of this section.

(b) The moneys in the fund are subject to annual appropriation by the
general assembly to the department for the direct and indirect costs associated
with implementing this article.

(c) Notwithstanding any provision of this part 1 to the contrary, the
department, the office, and the state board are not required to implement the
provisions of this article unless the general assembly appropriates sufficient state
moneys to the fund to offset the costs of implementing the article.

(d) The state treasurer may invest, as provided by law, any moneys in the
fund not expended for the purpose of this part 1. The state treasurer shall credit all
interest and income derived from the investment and deposit of moneys in the fund
to the fund. Any unexpended and unencumbered moneys remaining in the fund at
the end of a fiscal year must remain in the fund and shall not be credited or
transferred to the general fund or another fund.

(e) Repealed.

(2) The department may receive and expend gifts, donations, or grants of any
kind from any public or private entity to carry out the purposes of this article,
subject to the terms and conditions under which given; except that the department
shall not accept a gift, donation, or grant if the conditions attached to the gift,
donation, or grant require the use or expenditure of the gift, donation, or grant in a
manner contrary to law. The department shall transmit to the state treasurer any
gifts, donations, or grants received pursuant to this subsection (2), and the state
treasurer shall credit these amounts to the fund. Implementation of the grant
program is not conditioned on the receipt of gifts, donations, or grants pursuant to
this subsection (2).

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Legislative History

Source: L. 2014: Entire article RC&RE, (HB 14-1085), ch. 343, p. 1533, � 1, effective June 5. L. 2015: (1)(a) amended and (1)(e) added, (SB 15-108), ch. 12, p. 27, � 2, effective March 13. L. 2024: (1)(c) and (1)(d) amended, (HB 24-1450), ch. 490, p. 3415, � 40, effective August 7.