Fund - acceptance of gifts, grants, or donations

[Editor's note: This part 11 is in a one-year wind-up period. For further explanation regarding the wind-up period, see the editor's note following the part heading.] (1) For the purposes of carrying out the duties of the council, the council is authorized to seek and accept gifts, grants, or donations, including in-kind donations, from private or public sources for the purposes of this part 11; except that the council may not accept a gift, grant, or donation that is subject to conditions that are inconsistent with this part 11 or any other law of the state. The council may accept in-kind donations of staff services from the private sector to staff the council. The council is also authorized to accept and expend federal money available for its activities. All private and public money received through gifts, grants, or donations shall be transmitted to the state treasurer, who shall credit it to the food systems advisory council fund, which fund is created in the state treasury and referred to in this section as the "fund". The money in the fund is continuously appropriated to Colorado state university for allocation to the council for the direct and indirect costs associated with implementing this part 11. Any money in the fund not expended for the purpose of this part 11 may be invested by the state treasurer as provided by law. The state treasurer shall credit all interest and income derived from the investment and deposit of money in the fund to the fund. (2) Money in the fund may be used for the following purposes: (a) The actual and necessary expenses incurred by members of the council for serving on the council; (b) The costs of staffing the council, if staffed by Colorado state university; and (c) The costs of funding programs initiated by the council or council staff.