Colo. Rev. Stat. § 24-36-405
Tax credit sale proceeds cash fund - creation
Colorado · Colorado Revised Statutes Title 24 — Government - State · Status: effective
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- Colo. Rev. Stat. § 24-36-405, Tax credit sale proceeds cash fund - creation, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2302641
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Full text
(1) The tax credit sale proceeds cash fund is created in the state treasury. The fund consists of money generated by sale proceeds credited to the fund pursuant to section 24-36-406 and any other money that the general assembly may appropriate or transfer to the fund.
(2) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the tax credit sale proceeds cash fund to the fund.
(3) The state treasurer shall transfer any unexpended and unencumbered money remaining in the tax credit sale proceeds cash fund at the end of a fiscal year to the general fund.
(4) (a) Subject to annual appropriation by the general assembly, the department may expend money from the fund for any reasonable and necessary administrative, monitoring, and closing costs associated with implementing and administering parts 4 and 5 of this article 36.
(b) Subject to annual appropriation by the general assembly, the department of revenue may expend money from the fund for direct and indirect costs associated with implementing and administering parts 4 and 5 of this article 36.