Article XXIV — Old
9 sections · 0 paragraphs in this article.
Colo. Const. art. XXIV, § 1 Fund Created.
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A fund to be known as the old age pension fund is hereby created and established in the treasury of the state of Colorado.
Colo. Const. art. XXIV, § 2 Moneys Allocated to Fund.
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There is hereby set aside, allocated and allotted to the old age pension fund sums and money as follows: (a) Eighty-five percent of all net revenue accrued or accruing, received or receivable from any and all excise taxes now or hereafter levied upon sales at retail, or any other…
Colo. Const. art. XXIV, § 3 Persons Entitled to Receive Pensions.
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Every citizen of the United States who has been a resident of the state of Colorado for such period as the general assembly may determine, who has attained the age of sixty years or more, and who qualifies under the laws of Colorado to receive a pension, shall be entitled to rece…
Colo. Const. art. XXIV, § 4 The State Board of Public Welfare to Administer Fund.
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The state board of public welfare, or such other agency as may be authorized by law to administer old age pensions, shall cause all moneys deposited in the old age pension fund to be paid out as directed by this article and as required by statutory provisions not inconsistent wit…
Colo. Const. art. XXIV, § 5 Revenues for Old Age Pension Fund Continued.
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The excise tax on sales at retail, together with all license fees levied by article 26 of title 39, Colorado Revised Statutes, and amendments thereto, are hereby continued in full force and effect beyond the date on which said taxes and license fees would otherwise expire, and sh…
Colo. Const. art. XXIV, § 6 Basic Minimum Award.
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(a) Beginning on the effective date of this article, every person entitled to and receiving an old age pension from the state of Colorado under any former law or constitutional provision shall be entitled to receive the basic minimum award hereinafter provided for, without being …
Colo. Const. art. XXIV, § 7 Stabilization Fund and Health and Medical Care Fund.
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(a) All the moneys deposited in the old age pension fund shall be first available for payment of basic minimum awards to qualified recipients, and no part of said fund shall be transferred to any other fund until such basic minimum awards shall have been paid. (b) Any moneys rema…
Colo. Const. art. XXIV, § 8 Fund to Remain Inviolate.
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All moneys deposited in the old age pension fund shall remain inviolate for the purpose for which created, and no part thereof shall be transferred to any other fund, or used or appropriated for any other purpose, except as provided for in this article.
Colo. Const. art. XXIV, § 9 Effective Date.
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[Repealed.]