Colo. Rev. Stat. § 35-1.2-105
Colorado agricultural future loan program cash fund - created - repeal.
Effective Jun 3, 2025L. 2021: Entire article added, (SB 21-248), ch. 374, p. 2475, § 1, effective June 29. L. 2025: (2) amended, (SB 25-317), ch. 385, p. 2163, § 47, effective June 3.
(1) The Colorado agricultural future loan program cash fund is hereby created in the state treasury. The fund consists of:
- (a) Money credited to the fund pursuant to section 35-1.2-106;
- (b) Money received as loan payments on loans issued from the loan program, including interest; and
- (c) Any other money that the general assembly may appropriate or transfer to the fund.
(2)
- (a) For state fiscal years commencing on or before July 1, 2024, and on or after July 1, 2026, the state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.
- (b) For the state fiscal year commencing on 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 fund to the general fund.
(c)
- (I) On June 30, 2025, the state treasurer shall transfer one hundred ninety thousand eight hundred forty-seven dollars from the fund to the general fund.
- (II) This subsection (2)(c) is repealed, effective July 1, 2026.
- (3) Any unexpended and unencumbered money remaining in the fund at the end of a fiscal year remains in the fund.
- (4) The money in the fund is continuously appropriated to the department to expend for the purposes of this article 1.2.
Source: L. 2021: Entire article added, (SB 21-248), ch. 374, p. 2475, § 1, effective June 29. L. 2025: (2) amended, (SB 25-317), ch. 385, p. 2163, § 47, effective June 3.
Cross references: For the legislative declaration in SB 25-317, see section 1 of chapter 385, Session Laws of Colorado 2025.