Cannabis resource optimization cash fund - creation - gifts, grants, or donations

(1) The cannabis resource optimization cash fund, referred to in this section as the "fund", is created in the state treasury. The Colorado energy office shall administer the fund for the purposes of providing assessments financing, grants, credit enhancement offerings, and direct incentives to producers to reduce energy and water use, promote renewable energy, and encourage sustainable practices in cannabis operations. The fund consists of any money that the general assembly may transfer or appropriate to the fund and any gifts, grants, or donations received pursuant to subsection (3) of this section. (2) (a) The money in the fund is continuously appropriated to the Colorado energy office for the purposes set forth in subsection (1) of this section. (b) (I) For state fiscal years commencing on or before July 1, 2024, the state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund. (II) For state fiscal years commencing on or after July 1, 2025, in accordance with section 24-36-114 (1), the state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the general fund. (III) Repealed. (3) The Colorado energy office may seek, accept, and expend gifts, grants, or donations from private or public sources. (4) and (5) Repealed.