Colorado § 26-1-309 Trust fund

Colorado Statutes

§ 26-1-309 — Trust fund

Colorado·Title 26 Human·Art. Department of Human Services

(1)There is hereby created in the state treasury the Colorado brain injury trust fund. The trust fund consists of any money collected from surcharges assessed pursuant to sections 30-15-402 (3), 42-4-1307 (10)(c), and 42-4-1701 (4)(e); gifts, grants, or donations; and any other money that the general assembly may appropriate or transfer to the trust fund. Subject to annual appropriation by the general assembly, the board may expend money in the trust fund for the direct and indirect costs associated with the implementation of this part 3.

(2)The board may seek, accept, and expend gifts, grants, or donations, from private or public sources for purposes of this part 3. The board shall transmit all money received through gifts, grants, or donations to the state treasurer, who shal

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(1) There is hereby created in the state treasury the
Colorado brain injury trust fund. The trust fund consists of any money collected
from surcharges assessed pursuant to sections 30-15-402 (3), 42-4-1307 (10)(c),
and 42-4-1701 (4)(e); gifts, grants, or donations; and any other money that the
general assembly may appropriate or transfer to the trust fund. Subject to annual
appropriation by the general assembly, the board may expend money in the trust
fund for the direct and indirect costs associated with the implementation of this
part 3.

(2) The board may seek, accept, and expend gifts, grants, or donations, from
private or public sources for purposes of this part 3. The board shall transmit all
money received through gifts, grants, or donations to the state treasurer, who shall
credit the money to the trust fund.

(3) The trust fund is a continuing trust fund. All interest earned upon money
in the trust fund and deposited or invested may be invested in the types of
investments authorized in sections 24-36-109, 24-36-112, and 24-36-113. The state
treasurer shall credit all interest and income derived from the deposit and
investment of money in the trust fund to the trust fund.

(4) The trust fund revenue and its reserves shall be used solely for the
purposes and in the manner described in sections 26-1-304 to 26-1-307.

(5) All unexpended and unencumbered moneys remaining in the trust fund
shall remain in the trust fund.

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Legislative History

Source: L. 2002: Entire section added, p. 1609, � 1, effective January 1, 2003. L. 2003: (1) amended, p. 1999, � 52, effective May 22. L. 2009: (1) amended and (4) and (5) added, (SB 09-005), ch. 135, p. 590, � 7, effective April 20. L. 2010: (1) amended, (HB 10-1347), ch. 258, p. 1160, � 11, effective July 1. L. 2019: (1), (2), and (3) amended, (HB 19-1147), ch. 178, p. 2032, � 9, effective August 2.