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HOUSE BILL 08-1216: Be It Enacted by The General Assembly of The State of Colorado
HOUSE BILL 08-1216: Be It Enacted by The General Assembly of The State of Colorado
HOUSE BILL 08-1216: Be It Enacted by The General Assembly of The State of Colorado
officers and the Governor. To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
history, or the Session Laws.
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Capital letters indicate new material added to existing statutes; dashes through words indicate
deletions from existing statutes and such material not part of act.
(2) THERE IS HEREBY CREATED WITHIN THE STATE TREASURY THE
CONSUMER OUTREACH AND EDUCATION CASH FUND FOR THE PURPOSE OF
DEVELOPING, IMPLEMENTING, AND MAINTAINING THE PROGRAM. THE FUND
SHALL CONSIST OF ANY SURCHARGES THAT MAY BE IMPOSED BY THE
EXECUTIVE DIRECTOR OF THE DEPARTMENT OF REGULATORY AGENCIES
WITHIN THE DEPARTMENT OF REGULATORY AGENCIES, INCLUDING FINES
COLLECTED PURSUANT TO TITLES 10, 11, 12, 40, AND 42, C.R.S. THE
AMOUNT OF EACH SURCHARGE SHALL NOT EXCEED FIFTEEN PERCENT OF THE
FINE COLLECTED. THE SURCHARGES SHALL BE ADJUSTED AS NECESSARY SO
THAT SURCHARGE REVENUES COLLECTED DO NOT EXCEED TWO HUNDRED
THOUSAND DOLLARS ANNUALLY. ALL MONEYS COLLECTED SHALL BE
TRANSMITTED TO THE STATE TREASURER WHO SHALL CREDIT SUCH MONEYS
TO THE FUND. THE MONEYS IN THE FUND SHALL BE SUBJECT TO ANNUAL
APPROPRIATION BY THE GENERAL ASSEMBLY FOR THE DIRECT AND INDIRECT
COSTS ASSOCIATED WITH THE IMPLEMENTATION OF THE PROGRAM. MONEYS
IN THE FUND NOT EXPENDED FOR THE PURPOSES OF THIS SECTION MAY BE
INVESTED BY THE STATE TREASURER AS PROVIDED BY LAW. ALL INTEREST
AND INCOME DERIVED FROM THE INVESTMENT AND DEPOSIT OF MONEYS IN
THE FUND SHALL BE CREDITED TO THE FUND. MONEYS CREDITED TO THE
FUND SHALL NOT BE TRANSFERRED TO THE GENERAL FUND OR ANY OTHER
FUND; EXCEPT THAT, ANY UNEXPENDED AND UNENCUMBERED MONEYS
REMAINING IN THE FUND AT THE END OF ANY FISCAL YEAR THAT EXCEED TEN
PERCENT OF THE FUND'S EXPENDITURES IN THAT FISCAL YEAR, SHALL BE
TRANSFERRED TO THE GENERAL FUND OR ANOTHER FUND.
____________________________ ____________________________
Andrew Romanoff Peter C. Groff
SPEAKER OF THE HOUSE PRESIDENT OF
OF REPRESENTATIVES THE SENATE
____________________________ ____________________________
Marilyn Eddins Karen Goldman
CHIEF CLERK OF THE HOUSE SECRETARY OF
OF REPRESENTATIVES THE SENATE
APPROVED________________________________________
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Bill Ritter, Jr.
GOVERNOR OF THE STATE OF COLORADO