1. (1) Any gifts, grants, and donations accepted by the adjutant general pursuant to section 28-3-106 (1)(x) shall be transmitted to the state treasurer, who shall credit the same to the department of military and veterans affairs fund, which fund is created and referred to in this section as the fund. Money in the fund shall be invested by the state treasurer as provided in sections 24-36-109, 24-36-112, and 24-36-113. Any unexpended and unencumbered money remaining in the fund at the end of any fiscal year shall remain in the fund and shall not revert or be credited or transferred to the general fund or be transferred to any other fund. Any interest or income derived from the deposit and investment of money in the fund remains in the fund. Money in the fund is continuously appropriated to the department for use by the adjutant general to carry out the functions and duties set forth in this title 28.

2. (2)

   1. (a) On June 30, 2025, the state treasurer shall transfer five thousand three hundred forty-eight dollars from the fund to the outdoor recreation economic development cash fund created in section 24-48.5-129 (4)(a).
   2. (b) This subsection (2) is repealed, effective July 1, 2026.

Source: L. 2003: Entire section added, p. 1908, § 3, effective August 6. L. 2025: Entire section amended, (HB 25-1215), ch. 312, p. 1631, § 9, effective May 30.

Cross references: For the legislative declaration in HB 25-1215, see section 1 of chapter 312, Session Laws of Colorado 2025.