§ 22-81.5-107 — Information technology education fund - created

Colorado § 22-81.5-107

• Jurisdiction: Colorado
• Title 22: Education
• Art.: Colorado Information Technology

Text

(1) There is
hereby created in the state treasury the information technology education fund,
referred to in this section as the fund, for the purpose of funding information
technology education grants through the grant program. The fund shall consist of
all moneys appropriated to the fund by the general assembly and any gifts, grants,
donations, and other moneys received by the department for implementation of the
grant program. The moneys in the fund shall be subject to annual appropriation.
Any unexpended and unencumbered moneys remaining in the fund at the end of
any fiscal year shall remain in the fund and shall not revert or be credited or
transferred to the general fund nor be transferred to any other fund. Any interest
derived from the deposit and investment of moneys in the fund shall remain in the
fund and shall not be credited to the general fund.

(2) The department shall seek and apply for any available grant moneys for
implementation of the grant program. Any moneys so obtained shall be credited to
the fund for use in implementing the grant program. The department may retain up
to one percent of the moneys annually appropriated to the fund to offset the actual
administrative costs incurred in administering the grant program.

Legislative History

Source: L. 2001: Entire article added, p. 839, � 1, effective June 1.