Colorado Revised Statutes Title 43. Transportation § 43-4-1504. Fuels impact enterprise cash fund--definition

(1)(a)(I) The fuels impact enterprise cash fund is created in the state treasury. The fund consists of fuels impact reduction fee revenue credited to the fund pursuant to section 43-4-1505(1), any money that the general assembly may transfer or appropriate to the fund for the implementation of the grant program, and any federal money or gifts, grants, or donations received. The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.

(II) Money in the fund is continuously appropriated to the enterprise for the direct and indirect costs of implementing the grant program.

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

(b)(I) Notwithstanding section 8-20-206.5(8)(b), if the available fund balance in the fund is greater than fifteen million dollars, the enterprise shall not impose, and the department of revenue shall not collect, the fuels impact reduction fee described in section 8-20-206.5(8), but if the available balance in the fund is less than fifteen million dollars within a fiscal year, the enterprise shall impose, and the department of revenue shall collect, the fuels impact reduction fee in accordance with section 8-20-206.5(8)(b).

(II) For the purposes of this subsection (1)(b), “available fund balance” means the sum of the current year revenues and the previous fund balance minus the sum of the obligations approved by the enterprise and the costs incurred by the department of revenue in collecting the fuels impact reduction fee revenue.