C.R.S. Section 24-46.3-505
SPARC program fund

  • creation
  • appropriations from the fund

(1)

The SPARC program fund, referred to in this section as the “fund”, is created in the state treasury. The fund consists of money transferred to the fund pursuant to subsection (2) of this section and any other money that the general assembly may appropriate or transfer to the fund. 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.

(2)

On July 1, 2021, the state treasurer shall transfer five million dollars from the general fund to the fund.

(3)

Intentionally left blank —Ed.

(a)

Subject to annual appropriation by the general assembly for the 2021-22, 2022-23, 2023-24, and 2024-25 state fiscal years, the department, the state council, the state board for community colleges and occupational education, and the department of higher education may expend money from the fund for purposes of this part 5.

(b)

Any money appropriated pursuant to this section in a state fiscal year that is not encumbered or expended at the end of that state fiscal year remains available for expenditure in the next fiscal year for the same purposes without further appropriation.

(c)

The general assembly may appropriate money from the fund to pay the direct and indirect costs incurred to administer the SPARC program.

(4)

The state treasurer shall transfer all unexpended and unencumbered money in the fund on June 30, 2026, to the general fund.

Source: Section 24-46.3-505 — SPARC program fund - creation - appropriations from the fund, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24‑46.3‑101
State work force development council - creation - membership - funding through gifts, grants, and donations 24‑46.3‑102
Transfer of functions 24‑46.3‑103
Key industries talent pipeline working group 24‑46.3‑104
Career pathways - design - legislative declaration - definitions 24‑46.3‑106
Career - education - training - planning and exploration - online platform - report - repeal 24‑46.3‑201
Legislative declaration 24‑46.3‑202
Definitions 24‑46.3‑203
Hospitality career secondary education grant program - established 24‑46.3‑204
Hospitality career secondary education fund - creation 24‑46.3‑301
Definitions 24‑46.3‑302
Postsecondary and work force readiness statewide coordinator - position created - duties 24‑46.3‑303
Annual report 24‑46.3‑501
Legislative declaration 24‑46.3‑502
Definitions 24‑46.3‑503
Strengthening photovoltaic and renewable careers (SPARC) workforce development program - creation - use of funds 24‑46.3‑504
Reporting requirements 24‑46.3‑505
SPARC program fund - creation - appropriations from the fund 24‑46.3‑506
Repeal of part 24‑46.3‑601
Short title 24‑46.3‑602
Definitions 24‑46.3‑603
Investments in reskilling, upskilling, and next-skilling workers program - creation 24‑46.3‑604
Funding for program 24‑46.3‑605
Reports 24‑46.3‑606
Repeal of part 24‑46.3‑701
Short title 24‑46.3‑702
Definitions 24‑46.3‑703
Funding for work force innovation - grant program - statewide initiatives - allocation of ARPA money 24‑46.3‑704
Work force innovation grant program - creation - local boards to administer - eligibility for grants - use of grants - grant proposal requirements - other innovation activities performed by local boards - reporting to statewide database 24‑46.3‑705
Statewide work force innovation initiatives - development - stakeholder process - distribution of money for initiatives 24‑46.3‑706
Evaluation - grant-funded projects and programs - statewide innovation initiatives 24‑46.3‑707
Repeal of part
Green check means up to date. Up to date

Current through Fall 2024

§ 24-46.3-505’s source at colorado​.gov