Title 24, Government - State
0 chapters · 2,521 sections in this title.
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. § 24-75-306 Federal revenue sharing trust fund. (Repealed)
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Source: L. 73: p. 1380, � 1. C.R.S. 1963: � 130-9-3. L. 2014: Entire section repealed, (HB 14-1387), ch. 378, p. 1850, � 54, effective June 6. Cross references: For the legislative declaration in HB 14-1387, see section 1 of chapter 378, Session Laws of Colorado 2014. 24-75-307. …
Colo. Rev. Stat. § 24-75-307 Capitol complex master plan implementation fund - creation - transfers for fund
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(1) The capitol complex master plan implementation fund is created in the state treasury. The fund consists of moneys transferred from the general fund to the fund as specified in subsection (2) of this section, any other money that the general assembly may transfer or appropriat…
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 (3). (d…
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 di…
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. 24-75-601.3. Reme…
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 that are…
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. Editor's note: This section is similar to former � 24-75-901 as it existed prior to 1986.
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 cent…
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. Editor's note: This section …
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. Editor's note: This section is similar to former � 24-75-909 as it existed prior to 1986.
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…
Colo. Rev. Stat. § 24-76-100.3 Definitions
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As used in this article 76, unless the context otherwise requires: (1) Block grant moneys means moneys received for use in a broad functional area as provided by federal law, and concerning which the state has discretion as to the specific programs to be funded, or as to the leve…
Colo. Rev. Stat. § 24-76-101 Appropriation of certain federal funds
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(1) The general assembly may appropriate block grant moneys in the state treasury received from any agency of the federal government, and, if so appropriated, such block grant moneys shall not be disbursed except in accordance with the appropriation. This section shall be constru…
Colo. Rev. Stat. § 24-76-102 Reporting requirements
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(1) Each department, agency, or officer of the state which applies for or receives block grant moneys shall file the following with the joint budget committee: (a) A copy of each application for block grant moneys, and any revision thereto, whether denominated a grant application…
Colo. Rev. Stat. § 24-76-103 Federal grants - mortgage lending process
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The division of real estate and any state agency involved in the prosecution of or public education about mortgage fraud and theft in the mortgage lending process may accept on behalf of the state grants of federal funds for the purpose of lowering the incidents of mortgage fraud…
Colo. Rev. Stat. § 24-76-104 Reporting of federal funds
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(1) Notwithstanding section 24-1-136 (11)(a), the state controller shall submit an annual report to the joint budget committee of all expenditures of federal funds by each state agency during the most recent state fiscal year, beginning with the state fiscal year 2020-21. The sta…
Colo. Rev. Stat. § 24-77-101 Legislative declaration
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(1) The general assembly hereby finds and declares that: (a) Section 20 of article X of the state constitution, which was approved by the registered electors of this state at the 1992 general election, limits fiscal year spending of the state government; (b) It is within the legi…
Colo. Rev. Stat. § 24-77-102 Definitions
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As used in this article 77, unless the context otherwise requires: (1) (a) Collections for another government means any revenue that is collected by the state for the benefit and use of another government other than the state and passed through to that government other than the s…
Colo. Rev. Stat. § 24-77-103 Limitation on state fiscal year spending - legislative declaration - report
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(1) For fiscal year 1993-94 and each fiscal year thereafter, state fiscal year spending shall not exceed an amount equal to: (a) State fiscal year spending for the previous fiscal year as may be adjusted pursuant to the provisions of section 24-77-103.5; as modified by (b) An amo…
Colo. Rev. Stat. § 24-77-103.5 Legislative declaration - correction of errors - authority of the controller and auditor
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(1) The general assembly finds and declares that ascertaining compliance with the provisions of section 20 of article X of the state constitution requires that accurate calculations be made of state fiscal year spending. The general assembly further finds and declares that it is …