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Colorado Statutes, Title 24

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Title 24, Government - State

0 chapters · 3,055 sections in this title.

All chapters in Title 243,055 Ch 33.5352 Ch 51204 Ch 60203 Ch 32166 Ch 50110 Ch 30109 Ch 21102 Ch 7599 Ch 8095 Ch 3193 Ch 9067 Ch 3464 Ch 48.563 Ch 8261

99 sections·Filtered byTitle 24✕Ch 75✕

Colo. Rev. Stat. § 24-75-228 Economic recovery and relief cash fund - creation - allowable uses - interim task force - report - legislative declaration - definitions - repeal
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(1) As used in this section, unless the context otherwise requires: (a) "American Rescue Plan Act of 2021" means the federal "American Rescue Plan Act of 2021", Pub.L. 117-2, as the act may be subsequently amended. (b) "Department" means a principal department identified in secti…
Colo. Rev. Stat. § 24-75-229 Affordable housing and home ownership cash fund - creation - allowable uses - task force - legislative declaration - definitions - repeal
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(1) The general assembly finds, determines, and declares that: (a) As a result of the COVID-19 public health emergency, a significant share of households across the state now face various forms of housing insecurity; (b) Although the impacts of the COVID-19 public health emergenc…
Colo. Rev. Stat. § 24-75-230 Behavioral and mental health cash fund - creation - allowable uses - task force - definitions - repeal
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(1) As used in this section, unless the context otherwise requires: (a) "American Rescue Plan Act of 2021" means the federal "American Rescue Plan Act of 2021", Pub.L. 117-2, as the act may be subsequently amended. (b) "Department" means a principal department identified in secti…

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Colo. Rev. Stat. § 24-75-231 Workers, employers, and workforce centers cash fund - creation - allowable uses - definitions - repeal

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(1) As used in this section, unless the context otherwise requires: (a) "American Rescue Plan Act of 2021" means the federal "American Rescue Plan Act of 2021", Pub.L. 117-2, as the act may be subsequently amended. (b) "COVID-19" means the coronavirus disease caused by the severe…

Colo. Rev. Stat. § 24-75-232 "Infrastructure Investment and Jobs Act" cash fund - creation - allowable uses - report - compliance monitoring - legislative declaration - definitions - repeal

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(1) The general assembly finds and declares that: (a) The federal government enacted with bipartisan support the "Infrastructure Investment and Jobs Act", which includes five hundred fifty billion dollars in federal funds for new infrastructure investments nationwide; (b) Approxi…

Colo. Rev. Stat. § 24-75-301 Definitions

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As used in this part 3, unless the context otherwise requires: (1) "Capital construction" has the same meaning as set forth in section 24-30-1301 (2). (2) "Capital construction appropriation" means an appropriation in the capital construction section of the annual general appropr…

Colo. Rev. Stat. § 24-75-302 Capital construction fund - capital assessment fees - calculation - information technology capital account

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(1) (a) The capital construction fund is created. The fund consists of money transferred to the fund by the general assembly. Money in the capital construction fund may be appropriated for capital construction, capital renewal, controlled maintenance, or state highway reconstruct…

Colo. Rev. Stat. § 24-75-302.5 Controlled maintenance - trust fund - legislative declaration

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(1) In light of the fluctuating amounts of state revenues that have been available for controlled maintenance purposes in the past, the general assembly hereby finds and declares that a stable, predictable, and consistent source of revenues for controlled maintenance projects wil…

Colo. Rev. Stat. § 24-75-303 Appropriation for capital construction

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(1) The general assembly shall make a capital construction appropriation in such form, in such amounts, and from such funds as it deems necessary and may appropriate either for construction or for planning of any project. (2) No capital construction appropriation may be made to o…

Colo. Rev. Stat. § 24-75-304 Legislative declaration

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It is declared to be the intent of the general assembly in the passage of this section and section 24-75-305 to provide for orderly management of state funds and, as fiscal procedures may require, to temporarily augment the general revenue funds of the state in order to ensure pr…

Colo. Rev. Stat. § 24-75-305 Transfers from capital construction fund

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(1) In accordance with the legislative declaration as specified in section 24-75-304, the controller and the state treasurer shall, from time to time, during any fiscal year as fiscal procedures may require and upon the written approval of the governor, transfer from the capital …

Colo. Rev. Stat. § 24-75-401 Cash funds abolished

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(1) All revenues derived on and after July 1, 1973, from the proceeds of the cash funds subject to the provisions of this part 4 immediately prior to July 1, 1973, without any deduction on account of salaries, fees, costs, charges, expenses, or claims of any description whatsoeve…

Colo. Rev. Stat. § 24-75-402 Cash funds - limit on uncommitted reserves - reduction in the amount of fees - exclusions - definitions

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(1) The general assembly hereby finds that: (a) Section 20 of article X of the state constitution limits state fiscal year spending; (b) Subject to certain exclusions specified in section 20 of article X of the state constitution, all state general fund revenues and all state cas…

Colo. Rev. Stat. § 24-75-403 Capital reserve - creation - annual appropriation - definitions

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(1) As used in this section: (a) "Capital construction" has the same meaning as set forth in section 24-30-1301 (2). (b) "Capital outlay" has the same meaning as set forth in section 24-75-112 (1)(a). (c) "Capital renewal" has the same meaning as set forth in section 24-30-1301 (…

Colo. Rev. Stat. § 24-75-404 Repealed cash funds - unused cash funds

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(1) Unless otherwise provided by law, on June 30, 2025, and on each June 30 thereafter, the office of the state controller shall transfer the balance of any repealed cash fund to the general fund. (2) On or before November 1, 2025, and each November 1 thereafter, the office of th…

Colo. Rev. Stat. § 24-75-601 Definitions

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As used in this part 6, unless the context otherwise requires: (1) "Public entity" means the state of Colorado; any institution, agency, instrumentality, authority, county, municipality, city and county, district, or other political subdivision of the state, including any school …

Colo. Rev. Stat. § 24-75-601.1 Legal investments of public funds - definition

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(1) It is lawful to invest public funds in any of the following securities: (a) Any security issued by, fully guaranteed by, or for which the full credit of the United States treasury is pledged for payment and, notwithstanding paragraph (a) of subsection (1.3) of this section, i…

Colo. Rev. Stat. § 24-75-601.2 Prior investments valid

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Nothing in this article shall be construed so as to invalidate any legal investment made prior to July 1, 1989. Such investments shall continue to be authorized through their dates of maturity. Source: L. 89: Entire section added, p. 1105, § 2, effective July 1.

Colo. Rev. Stat. § 24-75-601.3 Remedial actions - investments not made in conformance with statute

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The audit of the financial statements of public entities required by part 6 of article 1 of title 29, C.R.S., shall, in addition to all other requirements, include a supplemental listing of all investments held by the public entity at the date of the financial statement. The publ…

Colo. Rev. Stat. § 24-75-601.4 Liability of officials of public entities

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Elected or appointed officials or employees of public entities who, in the good faith performance of their duties as public officials, comply with the standards established in this part 6 for the investment of public funds in securities shall not be liable for any loss of public …

Colo. Rev. Stat. § 24-75-601.5 Liability for sale of unlawful investments to public entities

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(1) Any person who sells or causes to be sold to a public entity any investment which is not a lawful investment for such public entity pursuant to section 24-75-601.1 or other authority, and who knew or should have known that said investment was not a lawful investment, shall be…

Colo. Rev. Stat. § 24-75-602 Bonds of housing authority as legal investments

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Notwithstanding any restrictions on investments contained in any laws of this state, all banks, bankers, trust companies, savings banks and institutions, savings and loan associations, investment companies, and other persons carrying on a banking business and all insurance compan…

Colo. Rev. Stat. § 24-75-603 Depositories

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(1) It is lawful for the state of Colorado and any of its institutions and agencies, counties, municipalities, and districts; any other political subdivision of the state; any department, agency, or instrumentality thereof; or political or public corporation of the state; and any…

Colo. Rev. Stat. § 24-75-604 Investments in bonds issued by member institutions of the farm credit system

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All savings banks, insurance companies, assurance, casualty, fidelity, and guaranty companies, and savings and loan associations which are permitted or directed by the laws of the state of Colorado to invest any of their moneys or deposits in securities may invest such moneys or …

Colo. Rev. Stat. § 24-75-605 Legal investments - cities of twenty-five thousand or more population - limitation in class of investments

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(1) Whenever cities having a population of twenty-five thousand or more, as determined by the last preceding federal decennial census, have moneys in policemen's or firefighters' pension funds, or other special funds of said cities, including pension, endowment, and trust funds, …

Colo. Rev. Stat. § 24-75-701 Definitions

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As used in this part 7, unless the context otherwise requires: (1) "Administrator" means the administrator of a local government investment pool trust fund created pursuant to section 24-75-703. (2) "Board" or "board of trustees" means the board of trustees composed of members th…

Colo. Rev. Stat. § 24-75-702 Local governments - authority to pool surplus funds

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(1) In accordance with this part 7, it is lawful for any local government to pool any money in its treasury, which is not immediately required to be disbursed, with the same money in the treasury of any other local government and to invest such money in a local government investm…

Colo. Rev. Stat. § 24-75-703 Local government investment pooling - trust method - resolution - filing requirements

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(1) The governing body of each local government that desires to participate in a local government investment pool trust fund shall cooperate in drafting a uniform resolution to be adopted by a majority vote of the governing body of each participating local government. The resolut…

Colo. Rev. Stat. § 24-75-704 Investments - limitations

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(1) The investments made with local government investment pool trust fund moneys shall be limited to those instruments which all participating local governments may individually invest in by law. The trust fund shall not be used to circumvent such statutory limitations on the inv…

Colo. Rev. Stat. § 24-75-705 Board of trustees - duties - liabilities

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(1) The board of trustees of any local government investment pool trust fund moneys authorized by this section shall invest in compliance with the requirements of this section and with that degree of judgment and care, under the circumstances then prevailing, which persons of pru…

Colo. Rev. Stat. § 24-75-706 Custodian - location - unlawful activities

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(1) It is unlawful for any custodian of a local government investment pool trust fund to: (a) Maintain the primary records of the assets of the trust fund anywhere but within the state of Colorado; (b) Act as a trustee, administrator, or investment adviser of the trust fund, exce…

Colo. Rev. Stat. § 24-75-707 Investment adviser - duties - unlawful activities

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(1) An investment adviser, a broker-dealer, or a financial institution acting in an advisory capacity for a local government investment pool trust fund which contracts with the board of trustees of such trust fund shall be held to the standard of conduct set forth in section 24-7…

Colo. Rev. Stat. § 24-75-708 Administrator - duties - unlawful activities

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(1) Every local government investment pool trust fund shall be administered by an administrator in this state appointed by the board of trustees of such pool. The administrator shall have such duties as may be prescribed by the securities commissioner by rule. (2) It is unlawful …

Colo. Rev. Stat. § 24-75-709 Administration and enforcement

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This part 7 shall be administered and enforced by the securities commissioner pursuant to section 11-51-902, C.R.S. Source: L. 93: Entire part R&RE, p. 326, § 1, effective July 1.

Colo. Rev. Stat. § 24-75-901 Short title

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This part 9 shall be known and may be cited as the "Funds Management Act of 1986". Source: L. 86: Entire part R&RE, p. 967, § 1, effective July 1.

Colo. Rev. Stat. § 24-75-902 Legislative declaration

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The general assembly hereby finds and declares that, since the state currently experiences and may hereafter experience fluctuations in revenues and expenditures and temporary cash flow deficits resulting in the temporary inability to pay proper expenses from currently budgeted a…

Colo. Rev. Stat. § 24-75-903 Definitions

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As used in this part 9, unless the context otherwise requires: (1) "Book entry" means a form of issuance under which no physical instrument is issued and the rights to principal and interest payments are evidenced by and may be transferred only through a bookkeeping entry in a ce…

Colo. Rev. Stat. § 24-75-904 Computations

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In computing the amount of revenue in a particular fund, there shall not be considered the proceeds of any note or other borrowing credited to such fund or any income from the investment of revenue or of such proceeds. Likewise, in computing the amount of expenditure in a particu…

Colo. Rev. Stat. § 24-75-905 Authority to issue and sell notes

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(1) The state treasurer, on behalf of the state, may, by resolution, issue from time to time and sell notes payable from the anticipated revenue of any fund in order to accomplish any of the purposes of this part 9. The proceeds of the notes may be applied for the payment of the …

Colo. Rev. Stat. § 24-75-906 Limitation on amount of notes

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The principal amount of notes payable from any fund shall be limited to fifty percent of the amount of revenue anticipated but not yet credited to the fund for the applicable fiscal year. Source: L. 86: Entire part R&RE, p. 969, § 1, effective July 1.

Colo. Rev. Stat. § 24-75-907 Form and terms of notes

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(1) Notes shall be issued in a form consistent with the provisions of this part 9, describing the fund and the revenue from which such notes are payable; shall mature not later than three days before the last day of the fiscal year in which the same were issued; shall bear intere…

Colo. Rev. Stat. § 24-75-908 Execution of notes

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(1) The notes shall be signed on behalf of the state by the state treasurer and countersigned by the controller, and the seal of the state treasurer shall be affixed thereto; except that no such signatures or seal shall be required if the notes are issued in book entry form pursu…

Colo. Rev. Stat. § 24-75-909 Manner of sale of notes

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Notes may be sold at public or private sale and may be sold at, above, or below par. Source: L. 86: Entire part R&RE, p. 970, § 1, effective July 1.

Colo. Rev. Stat. § 24-75-910 Investment or deposit of proceeds - income therefrom

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The state treasurer may invest and reinvest the proceeds of the notes in any securities which are legal investments for the fund from which the notes are payable or may deposit such proceeds in any eligible public depository. Notwithstanding the provisions of any other statute to…

Colo. Rev. Stat. § 24-75-911 No debt created

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Notes shall be payable solely from the revenues pledged thereto, and the owners or holders of the notes may not look to any other source for repayment of the principal of or interest on the notes. In every case, the revenues pledged shall be those which are the subject of appropr…

Colo. Rev. Stat. § 24-75-912 Notes as legal investments and eligible collateral

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Notwithstanding the provisions of any other statute to the contrary, notes meeting the investment requirements established in part 6 of this article shall be legal investments for any political subdivision or public body of the state and shall be eligible for use as collateral fo…

Colo. Rev. Stat. § 24-75-913 Construction with other statutes

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The powers conferred by this part 9 shall constitute an additional and separate grant of powers for the issuance and payment of the notes and all other acts in connection therewith authorized by this part 9. The powers conferred by this part 9 are in addition to any other powers …

Colo. Rev. Stat. § 24-75-914 State auditor - report

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The state auditor shall annually prepare and submit a report to the legislative audit committee and to the finance committees of the senate and the house of representatives, which shall include, but need not be limited to, a review and analysis of the sales, purchases, and rates …

Colo. Rev. Stat. § 24-75-915 Saving clause

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The repeal and reenactment of this part 9, effective July 1, 1986, shall not affect the validity of any notes or any agreements in connection with such notes issued by the state treasurer pursuant to the authority contained in this part 9 prior to July 1, 1986. Source: L. 86: Ent…