Colorado § 37-60-123.1 Loan foreclosure fund - created

Colorado Statutes

§ 37-60-123.1 — Loan foreclosure fund - created

Colorado § 37-60-123.1

Title 37Water and

Art.Colorado Water Conservation Board

This text of Colorado § 37-60-123.1 (Loan foreclosure fund - created) 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. § 37-60-123.1 (2026).

Text

There is hereby created in the
state treasury the loan foreclosure fund, referred to in this section as the
foreclosure fund. The state treasurer is hereby authorized and directed to
transfer one hundred thousand dollars from the Colorado water conservation board
construction fund to the foreclosure fund. The Colorado water conservation board
is authorized to provide funding to cover the direct costs associated with
completing foreclosure proceedings against a delinquent borrower from either the
Colorado water conservation board construction fund or the severance tax
perpetual base fund. The moneys in the foreclosure fund are hereby continuously
appropriated to the board for loan foreclosure proceedings, including property
management costs, appraisals, assessments, taxes, local g

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There is hereby created in the
state treasury the loan foreclosure fund, referred to in this section as the
foreclosure fund. The state treasurer is hereby authorized and directed to
transfer one hundred thousand dollars from the Colorado water conservation board
construction fund to the foreclosure fund. The Colorado water conservation board
is authorized to provide funding to cover the direct costs associated with
completing foreclosure proceedings against a delinquent borrower from either the
Colorado water conservation board construction fund or the severance tax
perpetual base fund. The moneys in the foreclosure fund are hereby continuously
appropriated to the board for loan foreclosure proceedings, including property
management costs, appraisals, assessments, taxes, local government fees,
insurance costs, court costs, and legal fees. All interest derived from the
investment of moneys in the foreclosure fund shall be credited to the Colorado
water conservation board construction fund. Any balance remaining in the
foreclosure fund at the end of any fiscal year remains in the fund.

Legislative History

Source: L. 2001: Entire section added, p. 689, � 24, effective May 30. L. 2013: Entire section amended, (SB 13-181), ch. 209, p. 872, � 22, effective May 13.