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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) There is hereby created a department of personnel revolving fund for use in acquiring such materials, supplies, labor, and overhead as are required. Moneys collected and deposited in the fund shall be from state and local government user fees and from rebates, including, but not limited to, rebates from car rentals, travel agencies, lodging, and travel cards. The fund shall be under the direction of the executive director.
(2) Users of department services shall be charged the full cost of the particular service, which shall include the cost of all material, labor, and overhead.
(3) The executive director shall have a pricing policy of remaining competitive with or at a lower rate than private industry in the operation of any service function which the executive director establishes.
(4) The executive director shall keep a full, true, and accurate record of the costs of providing each particular service.
(5) Repealed by Laws 2014, Ch. 50, § 1, eff. March 20, 2014.
(6)(a)(I) Repealed by Laws 2015, Ch. 176, § 3, eff. May 11, 2015.
(II) Any uncommitted capital outlay reserves at the end of a given fiscal year may be used for capital outlay subject to an appropriation in the annual general appropriation act.
(b) For purposes of this subsection (6), unless the context otherwise requires:
(I) “Capital outlay” has the same meaning as set forth in section 24-75-112(1)(a).
(II) “Capital outlay reserve” means any accumulated depreciation identified in fund balance reports prepared by the department of personnel.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 24. Government State § 24-30-1108. Revolving fund--service charges--pricing policy - last updated January 01, 2025 | https://codes.findlaw.com/co/title-24-government-state/co-rev-st-sect-24-30-1108/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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