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Colorado Revised Statutes Title 24. Government State § 24-48.5-608. Small business recovery and resiliency fund

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The small business recovery and resiliency fund is hereby created in the state treasury. The fund consists of:

(a) Tax credit sale proceeds received from qualified taxpayers and deposited in the fund pursuant to section 24-48.5-605;

(b) Distributions, revenue, or money returned to the state from a loan program established pursuant to section 24-48.5-605 and deposited in the fund;

(c) Any other money that the general assembly may appropriate or transfer to the fund; and

(d) Any gifts, grants, donations, or federal funds received pursuant to subsection (7) of this section.

(2) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the small business recovery and resiliency fund to the fund.

(3) Money in the fund is continuously appropriated to the office for the purposes specified in this part 6. The office may expend money in the fund to pay for its direct and indirect costs in implementing and administering this part 6.

(4) Deleted by Laws 2024, Ch. 355 (H.B. 24-1453), § 1, eff. August 1, 2024.

(5) Deleted by Laws 2024, Ch. 355 (H.B. 24-1453), § 1, eff. August 1, 2024.

(6) Deleted by Laws 2024, Ch. 355 (H.B. 24-1453), § 1, eff. August 1, 2024.

(7) The office may seek, accept, and expend gifts, grants, or donations from private or public sources for the purposes of this part 6. The office may accept and expend any federal money made available for any purpose consistent with the provisions of this part 6. The office shall transmit all money received through gifts, grants, donations, or federal money to the state treasurer, who shall credit the money to the small business recovery and resiliency fund.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 24. Government State § 24-48.5-608. Small business recovery and resiliency fund - last updated January 01, 2025 | https://codes.findlaw.com/co/title-24-government-state/co-rev-st-sect-24-48-5-608/

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