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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) All cash, proceeds, and other moneys collected by the department pursuant to this article shall be transmitted to the state treasurer who shall credit the same to the Moffat tunnel cash fund, which fund is hereby created. Moneys in the fund not subject to immediate transfer pursuant to section 32-8-124.7(2) shall be subject to annual appropriation by the general assembly for the direct and indirect costs of the administration of this article.
(2) Notwithstanding any provision of subsection (1) of this section to the contrary, on June 1, 2009, the state treasurer shall deduct eighty-six thousand seven hundred fifty-eight dollars from the Moffat tunnel cash fund and transfer such sum to the general fund.
(3) Notwithstanding subsection (1) of this section, on June 30, 2020, the state treasurer shall transfer one hundred sixty-seven thousand four hundred sixty-three dollars from the Moffat tunnel cash fund to the general fund.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 32. Special Districts § 32-8-126. Moffat tunnel cash fund--created - last updated January 01, 2025 | https://codes.findlaw.com/co/title-32-special-districts/co-rev-st-sect-32-8-126/
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