Colorado § 22-9.5-104 Principal development scholarship fund - created

Colorado Statutes

§ 22-9.5-104 — Principal development scholarship fund - created

Colorado § 22-9.5-104

Title 22Education

Art.Principal Development Scholarship Program

This text of Colorado § 22-9.5-104 (Principal development scholarship fund - created) 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. § 22-9.5-104 (2026).

Text

(1)There is hereby created in the state treasury the principal development scholarship fund, referred to in this section as the fund, that shall consist of any moneys that may be credited to the fund pursuant to subsection (2) of this section. The moneys in the fund shall be subject to annual appropriation by the general assembly for the direct and indirect costs associated with the implementation of this article. Any moneys in the fund not expended for the purpose of this article may be invested by the state treasurer as provided by law. All interest and income derived from the investment and deposit of moneys in the fund shall be credited to the fund. Any unexpended and unencumbered moneys remaining in the fund at the end of a fiscal year shall remain in the fund and shall not

Free access — add to your briefcase to read the full text and ask questions with AI

(1) There is
hereby created in the state treasury the principal development scholarship fund,
referred to in this section as the fund, that shall consist of any moneys that may
be credited to the fund pursuant to subsection (2) of this section. The moneys in the
fund shall be subject to annual appropriation by the general assembly for the direct
and indirect costs associated with the implementation of this article. Any moneys in
the fund not expended for the purpose of this article may be invested by the state
treasurer as provided by law. All interest and income derived from the investment
and deposit of moneys in the fund shall be credited to the fund. Any unexpended
and unencumbered moneys remaining in the fund at the end of a fiscal year shall
remain in the fund and shall not be credited or transferred to the general fund or
another fund.

(2) The department is authorized to accept gifts, grants, or donations 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, grant, or donation if the conditions attached thereto require the use or
expenditure thereof in a manner contrary to law. The department shall transmit to
the state treasurer any gifts, grants, or donations received pursuant to this
subsection (2), and the state treasurer shall credit the same to the fund.

(3) The department may expend up to one percent of the moneys annually
appropriated from the fund to offset the costs incurred in implementing this article.