Skip to main content
Find a Lawyer

Colorado Revised Statutes Title 40. Utilities § 40-20-309. Rail district maintenance and safety fund--created

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

(1) The rail district maintenance and safety fund is hereby created in the state treasury. The fund consists of any money credited to the fund pursuant to section 40-20-308(3) and any other money that the general assembly may appropriate or transfer to the fund.

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

(3)(a) For the 2025-26 state fiscal year and each state fiscal year thereafter, money in the fund is annually appropriated to the transit and rail division in the department of transportation. The division may expend the money received for the purposes of:

(I) Safety planning and development during the research, development, and construction of a passenger rail system;

(II) Planning, design, construction, or maintenance and operation of safety improvements on any railroad or railroad crossing in the state; and

(III) Completing capital development projects to improve the safety of a passenger rail system.

(b) Money in the fund is not intended to increase the number of full-time employees of the department of transportation.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Colorado Revised Statutes Title 40. Utilities § 40-20-309. Rail district maintenance and safety fund--created - last updated January 01, 2025 | https://codes.findlaw.com/co/title-40-utilities/co-rev-st-sect-40-20-309/

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.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard