C.R.S. Section 24-38.5-120
Decarbonization tax credits administration cash fund

  • definitions
  • repeal

(1)

As used in this section, unless the context otherwise requires:

(a)

“Decarbonization tax credits” means the credits created in sections 39-22-516.7, 39-22-516.8, 39-22-551, 39-22-552, 39-22-553, 39-22-554, 39-22-555, and 39-22-556.

(b)

“Department” means the department of revenue.

(c)

“Fund” means the decarbonization tax credits administration cash fund created in subsection (2) of this section.

(d)

“Office” means the Colorado energy office.

(2)

The decarbonization tax credits administration cash fund is hereby created in the state treasury. The fund consists of money credited to the fund pursuant to section 39-29-108 (2)(e)(I) and any other money that the general assembly may appropriate or transfer to the fund.

(3)

Subject to annual appropriation by the general assembly, for state fiscal years 2023-24 through 2034-35, the office and the department may expend money from the fund for direct and indirect costs associated with the implementation and administration of the decarbonization tax credits.

(4)

The state treasurer shall transfer all unexpended and unencumbered money in the fund on June 30, 2024, June 30, 2025, and June 30, 2026, to the general fund; except that the balance of money remaining in the fund not including expended and encumbered money shall not be less than one hundred thousand dollars.

(5)

Notwithstanding subsection (4) of this section, on July 1, 2036, the state treasurer shall transfer all money in the fund to the general fund.

(6)

This section is repealed, effective December 31, 2036.

Source: Section 24-38.5-120 — Decarbonization tax credits administration cash fund - definitions - repeal, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2024-title-24.­pdf (accessed May 26, 2025).

24–38.5–101
Colorado energy office - creation 24–38.5–102
Colorado energy office - duties and powers - definitions 24–38.5–102.4
Energy fund - creation - use of fund - definitions - report - repeal 24–38.5–102.5
Innovative energy fund - creation - use of fund - definitions - repeal 24–38.5–102.6
Climate change mitigation and adaptation fund - creation - use 24–38.5–102.7
Colorado energy saving mortgage program - definitions 24–38.5–103
Electric vehicle grant fund - creation - administration - legislative declaration 24–38.5–105
Clean energy improvement debt reserve fund - authorization - use 24–38.5–106
Financing of capital projects to make state government more energy efficient - financed purchase of asset agreements - legislative declaration - definition 24–38.5–107
Colorado energy office - subject to audit 24–38.5–108
State agency coordination of review of federal license and license exemption applications for hydroelectric energy projects - legislative declaration - definitions - guidelines 24–38.5–109
Aggregation of efficiency or renewable energy projects in small or rural schools and small or rural communities in order to attract private sector investment through performance contracting - legislative declaration - definitions 24–38.5–110
Electric vehicle plan and greenhouse gas pollution reduction roadmap - annual progress reports 24–38.5–111
Social cost of greenhouse gas pollution - estimate methodology 24–38.5–112
Building performance program - duties of the office - county assessor records database - fees - definitions 24–38.5–113
Grid resilience and reliability roadmap - microgrid development - stakeholder input - definitions - reporting 24–38.5–114
Ozone season transit grant program - fund - creation - policies - report - definitions - repeal 24–38.5–115
Sustainable rebuilding program - fund - creation - policies - report - definitions 24–38.5–116
Industrial and manufacturing operations clean air grant program - creation - eligibility - fund created - gifts, grants, or donations - transfer - legislative declaration - definitions - reporting - repeal 24–38.5–117
Cannabis resource optimization cash fund - creation - gifts, grants, or donations 24–38.5–118
Geothermal energy grant program - creation - procedures - fund - report - definitions - legislative declaration - repeal 24–38.5–119
Streamlined solar permitting and inspection grant program - creation - eligibility - fund created - gifts, grants, or donations - reporting - legislative declaration - definitions - repeal 24–38.5–120
Decarbonization tax credits administration cash fund - definitions - repeal 24–38.5–121
Assessment of advanced energy solutions in rural Colorado - northwestern and west end of Montrose county Colorado study - southeastern Colorado study - report - legislative declaration - definitions - repeal 24–38.5–122
Carbon management roadmap - creation - requirements - report - definitions - repeal 24–38.5–301
Legislative declaration 24–38.5–302
Definitions 24–38.5–303
Community access enterprise - creation - board - powers and duties - fund - fee - transparency and reporting 24–38.5–401
Energy code board - appointment - creation - duties - definitions - repeal 24–38.5–402
Model green energy code 24–38.5–403
Energy code training - energy code adoption - grant writing assistance 24–38.5–404
Building electrification for public buildings grant program - creation - report - legislative declaration 24–38.5–405
High-efficiency electric heating and appliances grant program - creation - report - legislative declaration - repeal 24–38.5–406
Clean air building investments fund - creation - use of fund 24–38.5–501
Legislative declaration 24–38.5–502
Definitions 24–38.5–503
Community access to electric bicycles grant program - creation - eligibility 24–38.5–504
Community access to electric bicycles rebate program - eligibility - reimbursement 24–38.5–505
Reporting 24–38.5–506
Community access to electric bicycles cash fund - creation - gifts, grants, or donations - transfer 24–38.5–507
Repeal of part

Current through Fall 2025

§ 24-38.5-120. Decarbonization tax credits administration cash fund's source at colorado​.gov