1. (1)

   1. (a) The community access to electric bicycles cash fund is created in the state treasury, and the office shall administer the fund for the purposes of this part 5. The fund consists of any money that the general assembly may transfer or appropriate to the fund for implementation of the grant program and the rebate program and any federal money or gifts, grants, or donations received pursuant to subsection (1)(b) of this section.

   2. (b)

      1. (I) For the purposes of this part 5, the office may seek, accept, and expend:

         1. (A) Money from federal sources; and
         2. (B) Gifts, grants, or donations from private or public sources.
      2. (II) The office shall transmit any money received pursuant to subsection (1)(b)(I) of this section to the state treasurer, who shall credit the money to the fund.

2. (2)

   1. (a) Except as otherwise provided in subsection (2)(b) of this section, the money in the fund is continuously appropriated to the office for the purposes set forth in this part 5. Any unexpended and unencumbered money remaining in the fund at the end of a state fiscal year remains in the fund; except that the state treasurer shall transfer any money remaining in the fund at the end of the 2026-27 state fiscal year to the general fund.
   2. (b) For state fiscal years 2023-24 and 2024-25, the office and, subject to annual appropriation, the department of revenue may expend money in the fund for the administration and implementation of the electric bicycle tax credit created in section 39-22-555. The office shall keep an accounting of all money expended from the fund pursuant to this subsection (2)(b) for purposes of calculating the repayment of the administrative costs required by section 24-38.5-120 (3).
3. (3) Repealed.

4. (4)

   1. (a) Notwithstanding any provision of this section to the contrary, on July 1, 2025, the state treasurer shall transfer five hundred twelve thousand five hundred seventy dollars from the community access to electric bicycles cash fund to the general fund.
   2. (b) This subsection (4) is repealed, effective July 1, 2026.

5. (5)

   1. (a) For state fiscal years commencing on or before July 1, 2024, the state treasurer shall credit all interest and income derived from the deposit and investment of money in the community access to electric bicycles cash fund to the fund.
   2. (b) Notwithstanding subsection (2)(a) of this section, for state fiscal years commencing on or after July 1, 2025, 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 community access to electric bicycles cash fund to the general fund.

   3. (c)

      1. (I) On June 30, 2025, the state treasurer shall transfer eighty-two thousand six hundred eighty dollars from the fund to the general fund.
      2. (II) This subsection (5)(c) is repealed, effective July 1, 2026.

Source: L. 2022: Entire part added, (SB 22-193), ch. 300, p. 2151, § 2, effective June 2. L. 2023: (2) amended, (HB 23-1272), ch. 167, p. 814, § 19, effective May 11. L. 2024: (2)(b) amended, (SB 24-214), ch. 191, p. 1096, § 11, effective May 17. L. 2025: (4) added, (SB 25-264), ch. 129, p. 503, § 24, effective April 25; (2)(a) amended and (5) added, (SB 25-317), ch. 385, p. 2151, § 25, effective June 3.

Editor's note: Subsection (3)(b) provided for the repeal of subsection (3), effective July 1, 2023. (See L. 2022, p. 2151.)

Cross references: For the legislative declaration in HB 23-1272, see section 1 of chapter 167, Session Laws of Colorado 2023. For the legislative declaration in SB 25-317, see section 1 of chapter 385, Session Laws of Colorado 2025.