C.R.S. Section 24-36-120
Authority to assess transaction fees


(1)

Except as provided in subsection (4) of this section, for the 2002-03 fiscal year and each fiscal year thereafter, the state treasurer is authorized to assess a fee for each eligible transaction performed by the state treasurer on behalf of state departments and agencies. Notwithstanding any other provision of law, the state treasurer shall deduct the fee from the interest earnings attributable to the fund for which the transaction was performed.

(2)

The amount of the fee assessed pursuant to subsection (1) of this section shall be determined annually by dividing an amount equal to the total amount appropriated to the department of the treasury for administration in the annual general appropriations act for the current fiscal year by the total number of eligible transactions performed by the state treasurer in the immediately preceding fiscal year.

(3)

The fees deducted by the state treasurer pursuant to subsection (1) of this section shall be subject to annual appropriation by the general assembly to the department of the treasury to fund the administration of the department.

(4)

The state treasurer shall not assess a fee for an eligible transaction involving any of the following funds:

(a)

The state education fund created in section 17 (4) of article IX of the state constitution;

(b)

The highway users tax fund created in section 43-4-201, C.R.S.;

(c)

The great outdoors Colorado trust fund created in section 2 of article XXVII of the state constitution;

(d)

The public school fund described in section 3 of article IX of the state constitution;

(e)

The old age pension fund created in section 1 of article XXIV of the state constitution;

(f)

Any other fund against which the assessment of a fee would be contrary to the state constitution; and

(g)

The college opportunity fund created in section 23-18-202, C.R.S.

(5)

The state treasurer shall notify each state department and agency for which the state treasurer performs eligible transactions of the amount of fees that will be deducted from any fund managed by the state department or agency no later than July 1 of the fiscal year in which the fees will be deducted.

(6)

As used in this section, “eligible transaction” means any cash management transaction that affects a cash balance, including, but not limited to, electronic fund transfers, payroll and other automated disbursements, payments, cash receipts, warrant transactions, check transactions, and journal entries.

Source: Section 24-36-120 — Authority to assess transaction fees, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24‑36‑101
State treasurer head of department
24‑36‑102
Function of department - employees
24‑36‑103
All state moneys to be transmitted to department
24‑36‑104
Moneys to be deposited
24‑36‑105
Accounts to be kept - daily report
24‑36‑106
Record of warrants and checks - order of payment - paid warrants and checks - validation
24‑36‑107
Warrants or checks endorsed when not paid - exception
24‑36‑108
Notice of payment - when interest ceases
24‑36‑109
Time deposits
24‑36‑111
Authority to accept deposits
24‑36‑111.5
Authority to invest in real property owned by a school district
24‑36‑112
Deposits in savings and loan associations
24‑36‑113
Investment of state money - limitations
24‑36‑114
How interest earnings credited - management fee
24‑36‑115
Moneys not immediately creditable - special purpose moneys
24‑36‑116
Moneys paid under protest - disposition
24‑36‑117
Governor may make examination
24‑36‑118
Applications for licenses - authority to suspend licenses - rules
24‑36‑120
Authority to assess transaction fees
24‑36‑121
Authority to manage state public financing - state public financing cash fund - rules - legislative declaration - definitions
24‑36‑121.5
Use of security tokens for state capital financing - feasibility study - authorization of use - legislative declaration - definitions
24‑36‑122
Law enforcement officers and firefighters - work-related death - continuation of medical benefits for dependants - cash fund - created - definitions
24‑36‑123
Rent reporting for credit pilot program - Colorado housing and finance authority - appropriations - repeal
24‑36‑201
Short title
24‑36‑202
Legislative declaration
24‑36‑203
Definitions
24‑36‑204
Small business recovery loan program oversight board - creation - report - repeal
24‑36‑205
Small business recovery loan program - creation - requirements - oversight
24‑36‑206
Small business recovery tax credits - authorization to issue - terms - report
24‑36‑207
Use of small business recovery tax credits - carry over
24‑36‑208
Small business recovery fund - repeal
24‑36‑209
Office of economic development
24‑36‑210
Repeal of part
24‑36‑301
Short title
24‑36‑302
Legislative declaration
24‑36‑303
Definitions
24‑36‑304
Colorado household financial recovery pilot program - created - selection of administrators - grants
24‑36‑305
Report
24‑36‑306
Colorado household financial recovery pilot program fund - created - transfer - gifts, grants, and donations authorized
Green check means up to date. Up to date

Current through Fall 2024

§ 24-36-120’s source at colorado​.gov