§ 23-31-1105 — Fund - acceptance of gifts, grants, or donations

Colorado § 23-31-1105

• Jurisdiction: Colorado
• Title 23: Postsecondary Education
• Art.: Colorado State University

Text

(1) For the
purposes of carrying out the duties of the council, the council is authorized to seek
and accept gifts, grants, or donations, including in-kind donations, from private or
public sources for the purposes of this part 11; except that the council may not
accept a gift, grant, or donation that is subject to conditions that are inconsistent
with this part 11 or any other law of the state. The council may accept in-kind
donations of staff services from the private sector to staff the council. The council
is also authorized to accept and expend federal money available for its activities.
All private and public money received through gifts, grants, or donations shall be
transmitted to the state treasurer, who shall credit it to the food systems advisory
council fund, which fund is created in the state treasury and referred to in this
section as the fund. The money in the fund is continuously appropriated to
Colorado state university for allocation to the council for the direct and indirect
costs associated with implementing this part 11. Any money in the fund not
expended for the purpose of this part 11 may be invested by the state treasurer as
provided by law. The state treasurer shall credit all interest and income derived
from the investment and deposit of money in the fund to the fund.

(2) Money in the fund may be used for the following purposes:

(a) The actual and necessary expenses incurred by members of the council
for serving on the council;

(b) The costs of staffing the council, if staffed by Colorado state university;
and

(c) The costs of funding programs initiated by the council or council staff.

Legislative History

Source: L. 2019: Entire part added with relocations, (HB 19-1202), ch. 403, p. 3571, � 1, effective May 31.