Colorado Revised Statutes Title 43. Transportation § 43-10-109. Aviation fund created

(1) There is hereby created in the state treasury a fund to be known as the aviation fund, referred to in this article 10 as the “fund”, which consists of all revenues credited thereto pursuant to section 39-27-112(2)(b) and all revenues credited thereto in accordance with subsection (2) of this section within the total revenues prescribed by the general assembly pursuant to section 43-1-112.5. All interest derived from the deposit and investment of money in the fund must be credited to the fund. At the end of any fiscal year, all unexpended and unencumbered money in the fund must remain therein and must not be credited or transferred to the general fund or any other fund, except as directed by the general assembly acting by bill and subject to section 18 of article X of the Colorado constitution.

(3) The money in the fund is hereby continuously appropriated to the division for the purposes authorized by law. In each fiscal year, the transportation commission shall budget and allocate an amount not to exceed five percent of the total amount of revenues credited to the fund pursuant to section 39-27-112(2)(b) and subsection (2) of this section during the preceding fiscal year to be used to defray any administrative costs incurred by the division and the board in implementing and administering this article 10. The board shall recommend to the commission an amount to be allocated by the commission for administrative costs. The general assembly shall appropriate from the fund an amount to the department of revenue for the reasonable expenses incurred in administering section 39-26-715(1)(a)(I) and (2)(a) and as provided in section 39-27-112(2)(b).

(4) Repealed by Laws 2017, Ch. 174, § 8, eff. Aug. 9, 2017.