§ 24-32-2012 — Colorado youth service corps fund - created

(1) There is
hereby created in the state treasury a fund to be known as the Colorado youth
service corps fund, which shall be administered by the executive director of the
department of local affairs.

(2) All moneys received pursuant to section 24-32-2011 and any other
moneys received by the youth service corps shall be placed in said fund.

(3) The general assembly shall make annual appropriations of the moneys in
the fund to the department for allocation to the youth service corps for
administering the provisions of this part 20. All interest derived from the deposit
and investment of moneys in the fund shall be credited to the fund.

(4) Any moneys in the fund not appropriated shall remain in the fund and
shall not be transferred or revert to the general fund of the state at the end of any
fiscal year.

(5) The general assembly shall make no general fund appropriation to either
the fund or the department of local affairs for payment of any deficiency in the fund
in the event that moneys in the fund are not sufficient for the costs of administering
the provisions of this part 20.

Legislative History

Source: L. 91: Entire part added, p. 927, � 1, effective May 31.