§ 24-21-606 — Fees - department of state cash fund

Colorado § 24-21-606

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Secretary of State - Department of State

Text

(1) All fees collected by
the licensing authority pursuant to this part 6 shall be transmitted to the state
treasurer, who shall credit them to the department of state cash fund created in
section 24-21-104 (3)(b), also referred to in this section as the fund. The money in
the fund is subject to annual appropriation by the general assembly for the
purposes of financing the licensing and enforcement activities of the secretary of
state as specified in this part 6.

(2) (a) Fees authorized by this part 6 shall be established by the licensing
authority, in consultation with the board, in amounts sufficient to ensure that the
total revenue generated by the collection of such fees approximates the direct and
indirect costs incurred by the licensing authority in carrying out its duties under this
part 6. The amounts of all fees shall be reviewed annually. The licensing authority
shall furnish to the board both an annual and a quarterly accounting of all fee and
fine revenues received and expenditures made pursuant to this part 6, together
with a list of all fees in effect.

(b) The cost of implementing the electronic application and report filing
system required by section 24-21-605 (1)(c), including the cost of promulgating any
new or amended rules for use of the system, shall be recovered through a
temporary fee increase or surcharge assessed on licensees during the first five
years of operation of the system. The licensing authority shall establish the
temporary fee or surcharge on a sliding or graduated scale, based on the quarterly
gross receipts of each licensee that is required to file quarterly reports or pay fees
under section 24-21-621 (4) or 24-21-622 (6)(b), and in an amount sufficient to
recover all of such costs within the five-year period.

(3) All fines assessed pursuant to this part 6 shall be paid to the state
treasurer who shall credit the same to the general fund of the state.

Legislative History

Source: L. 2017: Entire part added with relocations, (SB 17-232), ch. 233, p. 918, � 2, effective May 23.