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Colorado Revised Statutes Title 40. Utilities § 40-2-110.5. Annual fees--public utilities commission motor carrier fund--created

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

(1) Deleted by Laws 2011, Ch. 127, § 15, eff. Aug. 10, 2011.

(2)(a) Deleted by Laws 2003, Ch. 358, § 2, eff. Aug. 6, 2003.

(b) to (e) Deleted by Laws 1993, S.B.93-18, § 9, eff. July 1, 1993.

(2.5) Deleted by Laws 2005, Ch. 9, § 1, eff. Aug. 8, 2005.

(3) Repealed by Laws 1988, H.B.1017, § 2, eff. July 1, 1989.

(4) and (5) Deleted by Laws 2011, Ch. 127, § 15, eff. Aug. 10, 2011.

(6) The public utilities commission motor carrier fund is hereby created in the state treasurer's office. The moneys in the fund shall be subject to annual appropriation by the general assembly for the purposes specified in section 40-2-110(2)(a)(I). Any unexpended balance remaining in said fund at the end of any fiscal year shall remain in the fund.

(6.5) Repealed by Laws 2006, Ch. 239, § 24, eff. August 7, 2006.

(7) Repealed by Laws 1988, H.B.1017, § 3, eff. July 1, 1988.

(8) Notwithstanding the amount specified for any fee in section 40-10.1-111, the commission by rule or as otherwise provided by law may reduce the amount of one or more of the fees if necessary pursuant to section 24-75-402(3), C.R.S., to reduce the uncommitted reserves of the fund to which all or any portion of one or more of the fees is credited. After the uncommitted reserves of the fund are sufficiently reduced, the commission by rule or as otherwise provided by law may increase the amount of one or more of the fees as provided in section 24-75-402(4), C.R.S.

(9)(a) For the 2013-14 fiscal year and for each fiscal year thereafter, if the amount of uncommitted reserves in the motor carrier fund at the conclusion of any given fiscal year exceeds ten percent of the fund's expenditures during that fiscal year, the amount of the excess that is attributable to revenues received from any motor carrier, motor private carrier, broker, freight forwarder, leasing company, or any other person required to register with the United States department of transportation under the unified carrier registration system as authorized by federal law and as provided for in section 40-10.5-102 shall be transferred to the motor carrier safety fund created in section 42-4-235(6), C.R.S.

(b) The distribution required by paragraph (a) of this subsection (9) is in lieu of, and shall supersede, any provision to the contrary in section 24-75-402, C.R.S.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 40. Utilities § 40-2-110.5. Annual fees--public utilities commission motor carrier fund--created - last updated January 01, 2025 | https://codes.findlaw.com/co/title-40-utilities/co-rev-st-sect-40-2-110-5/

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