§ 24-60-1907 — Railroad loan retirement fund - fees

Colorado § 24-60-1907

• Jurisdiction: Colorado
• Title 24: Government
• Art.: Interstate Compacts and Agreements

Text

(1) The Cumbres and
Toltec scenic railroad commission may establish user fees to be charged to
passengers on the railroad. The fee schedule may provide for different fees for
different classes of passengers.

(2) All railroad fees collected pursuant to subsection (1) of this section shall
be deposited into a railroad loan retirement fund, which fund shall be established in
an appropriate financial institution. The commission may authorize the investment
of moneys in the fund, and any income earned from such investment shall be
retained in the fund. The moneys in the fund shall be used to repay any debts
incurred by the commission pursuant to section 24-60-1906. While such debts are
outstanding, the commission shall not reduce or eliminate any user fees that were
in effect at the time the debt was incurred.

Legislative History

Source: L. 90: Entire section added, p. 1259, � 1, effective July 1.