C.R.S.
Section 24-33.5-1707
Funding
- cash fund created
- donations
- repeal
(1)
Intentionally left blank —Ed.(a)
The department of public safety is authorized to accept gifts, grants, or donations, including in-kind donations from private or public sources, for the purposes of this part 17. All private and public funds received through gifts, grants, or donations by the department of public safety or by the board shall be transmitted to the state treasurer, who shall credit the same to the Colorado identity theft and financial fraud cash fund, which fund is hereby created and referred to in this part 17 as the “cash fund”. The cash fund shall also include the moneys collected pursuant to subsection (2) of this section. Any moneys in the cash fund not expended for the purpose of this part 17 shall be invested by the state treasurer as provided in section 24-36-113. All interest and income derived from the investment and deposit of moneys in the cash fund shall be credited to the cash fund. Any unexpended and unencumbered moneys remaining in the cash fund at the end of any fiscal year shall remain in the cash fund and shall not be credited or transferred to the general fund or any other fund.(b)
The department of public safety shall not be required to solicit gifts, grants, or donations from any source for the purposes of this part 17.(B)
Notwithstanding subsection (2)(a)(I)(A) of this section, from July 1, 2014, through June 30, 2024, the surcharge is four dollars. This subsection (2)(a)(I)(B) is repealed, effective July 1, 2025.(II)
The moneys collected by the surcharge shall immediately be transmitted to the state treasurer for deposit in the cash fund.(b)
There is hereby established, beginning August 1, 2006, a surcharge of one hundred dollars to be paid on each supervised lender license, each supervised lender branch license, and each renewal of those licenses issued by the uniform consumer credit office in the attorney general’s office, in addition to all other lawful charges and fees on every such license issued. The moneys collected by the surcharge shall immediately be transmitted to the state treasurer for deposit in the cash fund.(c)
There is hereby established, beginning August 1, 2006, a surcharge of five hundred dollars to be paid on each money transmitter license and each money transmitter renewal issued by the division of banking in the department of regulatory agencies, in addition to all other lawful charges and fees on every such license issued. The moneys collected by the surcharge shall immediately be transmitted to the state treasurer for deposit in the cash fund.
Source:
Section 24-33.5-1707 — Funding - cash fund created - donations - repeal, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-24.pdf
(accessed Oct. 20, 2023).