§ 31-30-1118 — Fund use - other purposes

Colorado § 31-30-1118

• Jurisdiction: Colorado
• Title 31: Government
• Art.: Fire - Police

Text

(1) If the governing body of a
municipality or district finds by resolution that no person is eligible or can become
eligible for payment of a fund benefit, it may authorize contributions of all fund
moneys for any fire-related purpose and, if no fire-related purpose exists, for any
purpose as determined by the governing body of the municipality or district.

(2) At least sixty days before adoption of this resolution, the governing body
of the municipality or district shall publish one notice in a newspaper with general
circulation within the municipality or district and shall provide a copy of the
published notice to the board of directors of the fire and police pension association.
The notice must state that the intent of the governing body is to use the money in
the fund for the purposes permitted in subsection (1) of this section and that
persons who believe they are or may be entitled to benefit payments from the fund
have fifty days from the date of the notice in which to file a written objection with
the governing body regarding its proposed use of the fund. If a written objection is
received, the governing body shall hold a public hearing before adoption of the
resolution. Before the hearing, the governing body shall publish notice of the time
and place of the hearing and send written notice of the hearing by certified mail to
each person who files a written objection.

(3) If a person establishes a claim to a benefit from the fund within one year
after adoption of this resolution, the municipality or district shall repay to the fund
any money paid from the fund under this section, and no such additional payments
shall be made from the fund.

Legislative History

Source: L. 95: Entire part added, p. 1373, � 2, effective June 5.