§ 28-3-109 — Chargeable quarters and billeting cash fund - creation

There is
hereby created in the state treasury the chargeable quarters and billeting cash
fund, referred to in this section as the fund, which shall consist of any moneys
generated through the public or private use of the Colorado Army National Guard
facilities managed pursuant to section 28-3-106 (1)(q). The moneys in the fund shall
be invested by the state treasurer as provided in sections 24-36-109, 24-36-112,
and 24-36-113, C.R.S. Any unexpended and unencumbered moneys remaining in the
fund at the end of any fiscal year shall remain in the fund and shall not revert or be
credited or transferred to the general fund or be transferred to any other fund. Any
interest or income derived from the deposit and investment of moneys in the fund
shall remain in the fund and shall not be credited to the general fund. The moneys
in the fund shall be continuously appropriated and shall be used to defray the costs
associated with operating National Guard training facilities and associated quarters
and billeting facilities. Such costs shall include, but need not be limited to, repair,
replacement, and salaries involved in the use of the National Guard training
facilities as well as the maintenance and operation of the National Guard training
facilities.

Legislative History

Source: L. 2011: Entire section added, (HB 11-1237), ch. 223, p. 957, � 1, effective August 10.