Colorado § 24-30-2304 Revolving fund - definition - repeal

Colorado Statutes

§ 24-30-2304 — Revolving fund - definition - repeal

Colorado·Title 24 Government·Art. Department of Personnel -

(1)The state agency sustainability revolving fund, referred to in this section as the fund, is created in the state treasury. The fund consists of money that the general assembly may appropriate or transfer to the fund and any gifts, grants, or donations that the department credits to the fund pursuant to subsection (5) of this section.

(2)The office shall allocate the money in the fund to assist in replacing the state's gas and diesel-powered equipment that is located in ozone nonattainment areas as designated by the U.S. environmental protection agency with equivalent electric equipment, and to operate the office in accordance with this part 23.

(3)(a) Any unexpended and unencumbered money remaining in the fund at the end of a fiscal year shall remain in the fund.

(b)(I) F

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(1) The state agency
sustainability revolving fund, referred to in this section as the fund, is created in
the state treasury. The fund consists of money that the general assembly may
appropriate or transfer to the fund and any gifts, grants, or donations that the
department credits to the fund pursuant to subsection (5) of this section.

(2) The office shall allocate the money in the fund to assist in replacing the
state's gas and diesel-powered equipment that is located in ozone nonattainment
areas as designated by the U.S. environmental protection agency with equivalent
electric equipment, and to operate the office in accordance with this part 23.

(3) (a) Any unexpended and unencumbered money remaining in the fund at
the end of a fiscal year shall remain in the fund.

(b) (I) For state fiscal years commencing on or before July 1, 2024, the state
treasurer shall credit all interest and income derived from the deposit and
investment of money in the fund to the fund.

(II) Notwithstanding subsection (3)(a) of this section, for state fiscal years
commencing on and after July 1, 2025, in accordance with section 24-36-114 (1), the
state treasurer shall credit all interest and income derived from the deposit and
investment of money in the fund to the general fund.

(III) (A) On June 30, 2025, the state treasurer shall transfer six thousand two
hundred fourteen dollars from the fund to the general fund.

(B) This subsection (3)(b)(III) is repealed, effective July 1, 2026.

(4) Subject to annual appropriation by the general assembly, the department
may expend money from the fund to be used for the purposes specified in
subsection (2) of this section.

(5) The department may solicit, accept, and expend gifts, grants, and
donations for the purposes of this part 23. The department shall credit any gifts,
grants, and donations to the fund.

Colorado § 24-30-2304 (Revolving fund - definition - repeal) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2024: Entire part added, (SB 24-214), ch. 191, p. 1087, � 1, effective May 17. L. 2025: (1) and (2) amended, (SB 25-249), ch. 124, p. 490, � 1, effective April 25; (3) amended, (SB 25-317), ch. 385, p. 2143, � 9, effective June 3; (4) amended, (SB 25-265), ch. 130, p. 512, � 6, effective July 1.