C.R.S. Section 28-5-709
Colorado state veterans trust fund

  • created
  • report

(1)

Intentionally left blank —Ed.

(a)

There is hereby created in the state treasury the Colorado state veterans trust fund, which consists of the moneys transferred thereto pursuant to subsection (2) of this section. In addition, the state treasurer may credit to the trust fund any public or private gifts, grants, or donations received prior to July 1, 2002, by the department of human services or, on or after July 1, 2002, by the department of military and veterans affairs for implementation of the purposes specified in this subsection (1).

(b)

The moneys in the trust fund shall be used for:

(I)

Capital improvements or needed amenities for existing or future veterans community living centers;

(I.5)

Repealed.

(II)

Costs incurred by existing or future state veterans cemeteries;

(III)

Costs incurred by the division; and

(IV)

Veterans programs operated by nonprofit veterans organizations that meet criteria adopted by the board and that are selected by the board as grant recipients.

(V)

Repealed.

(c)

The division may retain up to five percent of the amount annually appropriated from the trust fund for the actual costs incurred by the division and the board in implementing the provisions of this article 5. Notwithstanding the provisions of section 24-36-114, all interest derived from the deposit and investment of money in the trust fund shall be credited to the trust fund. All unexpended and unencumbered money remaining in the trust fund at the end of any fiscal year shall remain in the trust fund and shall neither revert to the general fund nor be transferred or credited to any other fund.

(2)

Intentionally left blank —Ed.

(a)

Pursuant to section 24-75-1104.5 (1.7)(l), C.R.S., and except as otherwise provided in section 24-75-1104.5 (5), C.R.S., beginning in the 2016-17 fiscal year, and for each fiscal year thereafter so long as the state receives moneys pursuant to the master settlement agreement, the state treasurer shall annually transfer to the trust fund one percent of the total amount received by the state pursuant to the provisions of the master settlement agreement, other than attorney fees and costs, during the preceding fiscal year. The state treasurer shall transfer the amount specified in this subsection (2) from moneys credited to the tobacco litigation settlement cash fund created in section 24-22-115, C.R.S.

(b)

Repealed.
(3)(a)(I) All of the funds appropriated to the trust fund pursuant to subsection (2) of this section in fiscal year 2000-01 shall be credited to the trust fund and retained as principal in the trust fund.

(II)

For fiscal years 2001-02 through 2005-06, seventy-five percent of the amount of annual appropriations made pursuant to subsection (2) of this section, shall be credited to the trust fund and retained as principal in the trust fund. For fiscal years 2001-02 through 2005-06, twenty-five percent of the amount of annual appropriations made pursuant to subsection (2) of this section, and one hundred percent of any interest earned on the principal in the trust fund shall be subject to annual appropriation by the general assembly and may be allocated by the board for the purposes outlined in subsection (1) of this section.

(III)

For fiscal years 2006-07 and 2007-08, seventy-five percent of the amount of the annual transfer made pursuant to subsection (2) of this section shall be credited to the trust fund and retained as principal in the trust fund. For fiscal years 2006-07 and 2007-08, twenty-five percent of the amount of the annual transfer made pursuant to subsection (2) of this section and one hundred percent of any interest earned on the principal in the trust fund shall be subject to annual appropriation by the general assembly and may be allocated by the board for the purposes outlined in subsection (1) of this section.

(b)

Intentionally left blank —Ed.

(I)

Notwithstanding the provisions of paragraph (a) of this subsection (3):

(A)

For the 2003-04 through 2006-07 fiscal years, twenty-five percent of the amount of annual transfers made pursuant to subsection (2) of this section shall be credited to the trust fund and retained as principal in the trust fund, and seventy-five percent of the amount of annual transfers made pursuant to subsection (2) of this section and one hundred percent of any interest earned on the principal in the trust fund shall be subject to annual appropriation by the general assembly and may be allocated by the board for the purposes outlined in subsection (1) of this section.

(B)

For the 2007-08 fiscal year, thirty-five percent of the amount of the annual transfer made pursuant to subsection (2) of this section shall be credited to the trust fund and retained as principal in the trust fund, and sixty-five percent of the amount of the annual transfer made pursuant to subsection (2) of this section and one hundred percent of any interest earned on the principal in the trust fund shall be subject to annual appropriation by the general assembly and may be allocated by the board for the purposes outlined in subsection (1) of this section.

(C)

to (E)(Deleted by amendment, L. 2009, (HB 09-1329), ch. 393, p. 2122, § 1, effective June 2, 2009.)(II)(Deleted by amendment, L. 2009, (HB 09-1329), ch. 393, p. 2122, § 1, effective June 2, 2009.)(c) For the 2008-09 fiscal year and each fiscal year thereafter, ten percent of the amount of the annual transfer made pursuant to subsection (2) of this section shall be credited to the trust fund and retained as principal in the trust fund, and ninety percent of the amount of the annual transfer made pursuant to subsection (2) of this section and one hundred percent of any interest earned on the principal in the trust fund shall be subject to annual appropriation by the general assembly.

(3.5)

Repealed.

(4)

Intentionally left blank —Ed.

(a)

Funds shall be allocated out of the trust fund using the following process:

(I)

The director of the state and veterans nursing homes or the director of the division of veterans affairs shall submit to the board a written request for funds to be used for the purposes described in subsection (1) of this section; or

(II)

A nonprofit veterans organization, in compliance with the procedures and timelines adopted by the board, shall submit to the board a grant application, in a form adopted by the board, requesting funding for a veterans program.

(b)

The board shall vote on each request for funds and on each grant application submitted by a nonprofit veterans organization that meets the criteria established by the board. A majority vote shall be sufficient to approve an allocation of moneys out of the trust fund.

(5)

The board shall adopt guidelines that address, at a minimum, the following issues:

(a)

The form of an application for use by nonprofit veterans organizations in applying for grants pursuant to this section;

(b)

Criteria for identifying nonprofit veterans organizations that may apply for and receive grants pursuant to this section;

(c)

Criteria for selecting appropriate veterans programs to receive grants pursuant to this section;

(d)

The term and amounts of grants awarded to nonprofit veterans organizations pursuant to this section; and

(e)

Standards for determining the effectiveness of veterans programs that receive grants pursuant to this section.

(6)

The department may contract with one or more private or public entities for program monitoring and evaluation of any veterans program operated by a nonprofit veterans organization that receives funding pursuant to this section. The board may allocate funds to the division for the costs incurred in entering into such contracts.

(7)

Intentionally left blank —Ed.

(a)

The board shall prepare a report evaluating the implementation of this section, including the number and type of improvements or additions to nursing homes that have been made, the number and type of improvements to veterans cemeteries, the number of veterans served through the veterans outreach program, the number and types of veterans programs operated by nonprofit veterans organizations that receive grants pursuant to this section, and the results achieved as a result of allocations made out of the trust fund.

(b)

Repealed.

Source: Section 28-5-709 — Colorado state veterans trust fund - created - report, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-28.­pdf (accessed Oct. 20, 2023).

28‑5‑100.3
Definitions
28‑5‑101
Military discharges recorded free
28‑5‑102
Identity documents - veteran identifier
28‑5‑103
Discharged LGBT veteran
28‑5‑104
State veterans benefits - effect of individual unemployability status
28‑5‑201
Short title
28‑5‑202
Definitions
28‑5‑203
Administrator as party in interest
28‑5‑204
Guardian appointed when necessary
28‑5‑205
Limitation on number of wards
28‑5‑206
Appointment of guardian - petition
28‑5‑207
Evidence of necessity for guardian of infant
28‑5‑208
Evidence of necessity for guardian for incompetent
28‑5‑209
Notice of filing petition
28‑5‑210
Bond of guardian
28‑5‑211
Accounts of securities - notices and hearings
28‑5‑212
Penalty for failure to account
28‑5‑213
Compensation of guardians
28‑5‑214
Investments
28‑5‑215
Maintenance and support
28‑5‑216
Purchase of home for ward
28‑5‑217
Copies of public records to be furnished
28‑5‑218
Discharge of guardian - release of sureties
28‑5‑219
Record not construed as legal adjudication
28‑5‑220
Certification or commitment to veterans administration
28‑5‑221
Liberal construction
28‑5‑222
Repeal and modification of prior laws
28‑5‑223
Application
28‑5‑301
Legal investments
28‑5‑401
Loans to minor veterans
28‑5‑501
Short title
28‑5‑502
Interment of deceased veterans
28‑5‑503
Headstone to mark graves
28‑5‑504
County of residence
28‑5‑505
Cemetery subdivision - state may acquire and maintain
28‑5‑506
Care and custody of cemetery subdivision
28‑5‑507
Veterans service organization stipend - funeral services - process - definitions
28‑5‑701
Division of veterans affairs - transfer of functions - terminology
28‑5‑702
Board of veterans affairs
28‑5‑703
Rules - duties
28‑5‑703.5
Notice to revisor of statutes - repeal
28‑5‑704
Departments to cooperate
28‑5‑705
Duties
28‑5‑706
Contributions to division - veterans private contributions fund - created
28‑5‑707
Assistance to county veterans service officers
28‑5‑708
Western slope veterans’ cemetery - fund - rules
28‑5‑709
Colorado state veterans trust fund - created - report
28‑5‑711
Veterans resource information clearinghouse
28‑5‑712
Veterans assistance grant program - created - rules - fund - repeal
28‑5‑713
Western region one source - veterans one-stop center - advisory board - fund - definition - repeal
28‑5‑714
Veterans mental health services program - report - rules - definitions
28‑5‑801
Establishment of veterans service offices
28‑5‑802
Qualifications - term of office
28‑5‑803
Duties
28‑5‑804
Cooperation with division of veterans affairs
28‑5‑805
Office space and supplies
Green check means up to date. Up to date

Current through Fall 2024

§ 28-5-709’s source at colorado​.gov