Colorado § 24-36-406 Distribution of sale proceeds

Colorado Statutes

§ 24-36-406 — Distribution of sale proceeds

Colorado § 24-36-406

Title 24Government

Art.Department of the Treasury

This text of Colorado § 24-36-406 (Distribution of sale proceeds) 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. § 24-36-406 (2026).

Text

(1)Except as provided in subsection (2) of this section, each month, the state treasurer shall credit the money generated by the sale proceeds pursuant to parts 4 and 5 of this article 36 to the tax credit sale proceeds cash fund. The department shall transfer the money to the general fund less any amounts used for the expenses described in section 24-36-405 (4).

(2)[ Editor's note: Subsection (2) is effective (see editor's note following this section). ]

(a)Each month, the state treasurer shall credit the money generated by the sale proceeds pursuant to parts 4 and 5 of this article 36 as follows:

(I)An amount equal to the monthly expenses described in section 24-36-405

(4)to the tax credit sale proceeds cash fund;

(II)The remainder to the health insurance affordability

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

(1) Except as provided in
subsection (2) of this section, each month, the state treasurer shall credit the
money generated by the sale proceeds pursuant to parts 4 and 5 of this article 36
to the tax credit sale proceeds cash fund. The department shall transfer the money
to the general fund less any amounts used for the expenses described in section
24-36-405 (4).

(2) [ Editor's note: Subsection (2) is effective (see editor's note following this
section). ]

(a) Each month, the state treasurer shall credit the money generated by the sale
proceeds pursuant to parts 4 and 5 of this article 36 as follows:

(I) An amount equal to the monthly expenses described in section 24-36-405
(4) to the tax credit sale proceeds cash fund;

(II) The remainder to the health insurance affordability cash fund created in
section 10-16-1206 (1); except that the amount credited to the health insurance
affordability cash fund shall not exceed one hundred million dollars; and

(III) After the amount specified in subsection (2)(a)(II) of this section has been
credited to the health insurance affordability cash fund, then the remainder to the
tax credit sale proceeds cash fund.

(b) The department shall transfer the money in the tax credit sale proceeds
cash fund, less any amounts used for the expenses described in section 24-36-405
(4), to the general fund.

(c) (I) This subsection (2) will take effect only if, by December 31, 2025, the
United States congress does not enact and the president does not sign federal
legislation that extends, recreates, or otherwise reinstates the enhanced premium
tax credit for the 2026 plan year. The commissioner of insurance shall notify the
revisor of statutes in writing if the condition specified in this subsection (2)(c)(I) has
occurred by emailing the notice to revisorofstatutes.ga@coleg.gov. If the condition
specified in this subsection (2)(c)(I) occurs, this subsection (2) takes effect on
January 1, 2026.

(II) This subsection (2) will be repealed if, on or before December 31, 2025,
the United States congress enacts and the president signs federal legislation that
extends, recreates, or otherwise reinstates the enhanced premium tax credit for the
2026 plan year with at least the same eligibility and in the same amount as
authorized by the amendments to the premium tax credit in the federal American
Rescue Plan Act of 2021, Pub.L. 117-2, and the federal Inflation Reduction Act of
2022, Pub.L. 117-169, 136 Stat. 1818 (2022). The commissioner of insurance shall
notify the revisor of statutes in writing if the condition specified in this subsection
(2)(c)(II) has occurred and of the date on which the condition occurred by emailing
the notice to revisorofstatutes.ga@coleg.gov. This subsection (2) is repealed upon
the date identified in the notice that the condition specified in this subsection
(2)(c)(II) occurred or, if the notice does not specify that date, upon the date of the
notice to the revisor of statutes.

Legislative History

Source: L. 2025, 1st Ex. Sess.: Entire part added, (HB 25B-1004), ch. 8, p. 31, � 1, effective August 28; entire section amended, (HB 25B-1006), ch. 10, p. 49, � 9, effective August 29 (see editor's note).