Colorado § 31-30.5-204 Powers and duties of the board

Colorado Statutes

§ 31-30.5-204 — Powers and duties of the board

Colorado § 31-30.5-204

Title 31Government

Art.Fire - Police - Old Hire Pension Plans

This text of Colorado § 31-30.5-204 (Powers and duties of the board) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 31-30.5-204 (2026).

Text

(1)The board shall:

(a)Promulgate all necessary rules, not inconsistent with the provisions of this article, for managing and discharging its duties and for its own government and procedure in so doing and for the preservation and protection of the fund.

(b)Hear and decide all applications for relief, pensions, annuities, retirement, or other benefits under the provisions of this article. Action on such applications shall be final and conclusive; except that, when, in the opinion of the board, justice demands that said action should be reconsidered, the same may be reversed by said board.

(c)Keep and preserve a record of actions taken by the board and of all other matters properly before said board.

(d)Make an annual report to the governing body of the employer of the cond

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(1) The board shall:

(a) Promulgate all necessary rules, not inconsistent with the provisions of
this article, for managing and discharging its duties and for its own government and
procedure in so doing and for the preservation and protection of the fund.

(b) Hear and decide all applications for relief, pensions, annuities, retirement,
or other benefits under the provisions of this article. Action on such applications
shall be final and conclusive; except that, when, in the opinion of the board, justice
demands that said action should be reconsidered, the same may be reversed by
said board.

(c) Keep and preserve a record of actions taken by the board and of all other
matters properly before said board.

(d) Make an annual report to the governing body of the employer of the
condition of the fund in August of each year.

(2) The board has power to compel witnesses to attend and testify before it
upon all matters connected with the provisions of this article in the same manner as
is or may be provided by law. The president of said board or any member thereof
may administer oaths to such witnesses.

(3) The board has the power to draw on the fund for the payment of
expenses attributable to the administration of the fund, the payment of benefits,
and for the purpose of investing all or any part of the fund as permitted by part 5 of
this article.

(4) The board may designate one or more financial institutions as custodian
of the fund. Such persons shall give surety bonds in such amounts and form and for
such purposes as the board requires. All moneys paid or transmitted to the
custodian shall be credited to appropriate accounts in the fund and the custodian
shall maintain a current inventory of all investments of the fund.

(5) In municipalities that prescribe the composition of the board for the
police officers' old hire pension fund by ordinance or charter, the board shall have
such additional powers and duties as may be provided by the charter and
ordinances of such municipalities.