1. (1) Based upon the appropriation made and subject to the approval of the executive director of the department of regulatory agencies, the director shall establish and adjust fees that the director is authorized by law to collect so that the revenue generated from the fees approximates its direct and indirect costs; except that fees must not exceed the amount necessary to administer this article 170.
2. (2) The natural medicine facilitator cash fund, referred to in this section as the fund, is created in the state treasury. The fund consists of fees credited to the fund pursuant to this article 170 and any other money that the general assembly may appropriate or transfer to the fund.
3. (3) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.
4. (4) Money in the fund is continuously appropriated to the department for the administration of this article 170.

Source: Initiated 2022: Entire article added, Proposition 122, L. 2023, p. 3604, effective upon proclamation of the Governor, December 27, 2022. L. 2023: Entire section R&RE, (SB 23-290), ch. 249, p. 1386, § 10, effective July 1.

Editor's note: (1) This section is similar to former § 12-170-106 as it existed prior to 2023.

(2) Several provisions of this section were relocated to §§ 12-170-113 (1)(c), 18-18-434 (2), (5)(c), and (8), and 44-50-104 (4) in 2023.