Colorado § 22-7-708 Teacher development fund - creation

Colorado Statutes

§ 22-7-708 — Teacher development fund - creation

Colorado·Title 22 Education·Art. Educational Accountability

There is hereby created in
the state treasury the teacher development fund referred to in this section as the
fund, for payment of teacher development grants awarded pursuant to section
22-7-704. The fund shall consist of such moneys as may be appropriated thereto by
the general assembly and such moneys as may be credited thereto pursuant to
section 22-7-704 (4). Moneys in the fund shall be subject to annual appropriation by
the general assembly for the purposes specified in this part 7. The department may
expend up to three percent of the moneys annually appropriated to the fund to
offset the documented costs incurred in implementing the grant program. All
interest derived from the deposit and investment of moneys in the fund shall be
credited to the fund. At the end of any fisc

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There is hereby created in
the state treasury the teacher development fund referred to in this section as the
fund, for payment of teacher development grants awarded pursuant to section
22-7-704. The fund shall consist of such moneys as may be appropriated thereto by
the general assembly and such moneys as may be credited thereto pursuant to
section 22-7-704 (4). Moneys in the fund shall be subject to annual appropriation by
the general assembly for the purposes specified in this part 7. The department may
expend up to three percent of the moneys annually appropriated to the fund to
offset the documented costs incurred in implementing the grant program. All
interest derived from the deposit and investment of moneys in the fund shall be
credited to the fund. At the end of any fiscal year, all unexpended and
unencumbered moneys in the fund shall remain therein and shall not be credited or
transferred to the general fund or any other fund.

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Legislative History

Source: L. 2000: Entire part added, p. 1979, � 1, effective June 2. L. 2003: Entire section amended, p. 456, � 10, effective March 5. L. 2011: Entire section amended, (SB 11-218), ch. 151, p. 526, � 3, effective May 5. L. 2015: Entire section amended, (SB 15-264), ch. 259, p. 953, � 46, effective August 5.