Colorado § 22-51-103 Creation of the public school transportation fund

Colorado Statutes

§ 22-51-103 — Creation of the public school transportation fund

Colorado·Title 22 Education·Art. Public School Transportation Fund

(1)There is hereby created, in the office of the state treasurer, a fund to be known as the public school transportation fund, to which shall be credited such moneys as may be appropriated by the general assembly for the purposes of this article, excluding moneys appropriated as a lump sum for reimbursement for pupil transportation in a school district subject to a court-ordered desegregation order, and which shall be held by the state treasurer and paid out as provided in this article. Any unexpended or unencumbered moneys remaining in the fund at the end of any budget year shall remain in the fund and shall not be transferred to the state general fund or any other fund.

(2)For the 2006-07 budget year and each budget year thereafter, the net amount recovered by the department

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(1) There is
hereby created, in the office of the state treasurer, a fund to be known as the public
school transportation fund, to which shall be credited such moneys as may be
appropriated by the general assembly for the purposes of this article, excluding
moneys appropriated as a lump sum for reimbursement for pupil transportation in a
school district subject to a court-ordered desegregation order, and which shall be
held by the state treasurer and paid out as provided in this article. Any unexpended
or unencumbered moneys remaining in the fund at the end of any budget year shall
remain in the fund and shall not be transferred to the state general fund or any
other fund.

(2) For the 2006-07 budget year and each budget year thereafter, the net
amount recovered by the department of education during the applicable budget
year pursuant to section 22-51-105 as overpayments made to school districts, the
state charter school institute, and facility schools shall be transferred to the state
treasurer for deposit in the public school transportation fund. Such amount shall be
available for appropriation to the department in the budget year in which the
transfers are made or in subsequent budget years.

(3) Any appropriation made from the public school transportation fund from
moneys deposited in the fund pursuant to subsection (2) of this section shall not be
included in the calculation of total state funding for all categorical programs as
defined in section 22-55-102 (19).

Colorado § 22-51-103 (Creation of the public school transportation fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 75: Entire article R&RE, p. 715, � 1, effective July 14. L. 96: Entire section amended, p. 1794, � 8, effective June 4. L. 2006: Entire section amended, p. 677, � 17, effective April 28. L. 2007: (2) amended and (3) added, p. 1827, � 1, effective June 1. L. 2008: (2) amended, p. 1402, � 47, effective May 27.