§ 30-29-102 — Receipts from flood control projects

(1) All moneys received by
the state treasurer from the federal government under provisions of Public Law
526, 79th Congress, Second Session, approved July 24, 1946, relating to flood
control projects, shall be credited to a clearing account.

(2) As soon as practicable after receipt of the moneys specified in
subsection (1) of this section, the state treasurer shall pay over said moneys to the
treasurers of the several counties of the state in which flood control projects are
located, in accordance with information provided by the appropriate federal agency
as to location and amount.

(3) The boards of county commissioners of the counties receiving the
payments specified in subsection (2) of this section shall allocate twenty-five
percent thereof to the county road and bridge fund and seventy-five percent
thereof to the public schools of the county. If there is more than one school district
in the county, the amount allocated to each district shall be in the proportion which
its pupil enrollment during the preceding school year bears to the aggregate pupil
enrollment in all districts in the county during said preceding school year.

Legislative History

Source: L. 73: R&RE, p. 1141, � 2. C.R.S. 1963: � 112-9-2. L. 90: (3) amended, p. 1848, � 45, effective May 31.