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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) There is hereby created in the state treasury the gambling payment intercept cash fund, referred to in this section as the “fund”. The fund shall consist of any money deposited in the fund pursuant to section 44-33-105(3), any other money appropriated to the fund by the general assembly, and any gifts, grants, or donations from private or public sources, that the department is hereby authorized to seek and accept for the purposes set forth in this section. All private and public funds received through gifts, grants, or donations shall be transmitted to the state treasurer, who shall credit the same to the fund.
(2)(a) The money in the fund is continuously appropriated to the department of revenue for the purpose of expanding the program established by this article 33 to include intercepts of restitution that a person has been ordered to pay pursuant to section 18-1.3-603 or 19-2.5-1104, as certified by the judicial department. As soon as there is sufficient money in the fund, the department of revenue shall expand the program for that purpose.
(b) Once the intercept program has been expanded as described in subsection (2)(a) of this section:
(I) The department of revenue shall notify the judicial department and the registry operator that the judicial department may begin certifying outstanding debt pursuant to section 44-33-104(2); and
(II) Money in the fund shall be subject to annual appropriation by the general assembly for the direct and indirect costs associated with the administration of this article 33.
(c) Any money in the fund not expended for the purposes set forth in subsections (2)(a) and (2)(b) of this section may be invested by the state treasurer as provided by law. All interest and income derived from the investment and deposit of money in the fund shall be credited to the fund. Any unexpended and unencumbered money remaining in the fund at the end of a fiscal year shall remain in the fund and shall not be credited or transferred or revert to the general fund or any other fund.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 44. Activities Regulated by the Department of Revenue § 44-33-106. Gambling payment intercept cash fund--creation--gifts, grants, or donations--intercepts for restitution - last updated January 01, 2025 | https://codes.findlaw.com/co/title-44-activities-regulated-by-the-department-of-revenue/co-rev-st-sect-44-33-106/
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