§ 24-46.3-204 — Hospitality career secondary education fund - creation

Colorado § 24-46.3-204

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Work Force Development

Text

(1)
There is created in the state treasury the hospitality secondary education fund,
consisting of any moneys that may be appropriated to the fund by the general
assembly. The moneys in the fund are subject to annual appropriation by the
general assembly to the department for the direct and indirect costs associated
with implementing this part 2. The state treasurer may invest any moneys in the
fund not expended for the purpose of this part 2 as provided by law. The state
treasurer shall credit all interest and income derived from the investment and
deposit of moneys in the fund to the fund.

(2) The department may expend up to two percent of the moneys annually
appropriated from the fund to offset the costs incurred in implementing this part 2.

(3) Any unexpended and unencumbered moneys remaining in the fund at the
end of a fiscal year remain in the fund and shall not be credited or transferred to
the general fund or another fund.

Legislative History

Source: L. 2014: Entire part added, (SB 14-015), ch. 329, p. 1460, � 1, effective June 5.