Colorado Revised Statutes Title 8. Labor and Industry § 8-77-103.5. Issuance of unemployment revenue bonds and notes--unemployment bond repayment account--creation

(1) The executive director of the department of labor and employment is authorized to request the state treasurer to act as advisor to the division. The division may also request the Colorado housing and finance authority act as issuing manager, to issue such bonds and notes as are necessary to maintain adequate balances in the unemployment compensation fund or to repay money advanced to the state from the federal unemployment trust fund, or both. Such requests shall be made in accordance with the provisions of section 24-36-121 or 29-4-710.7.

(2) There is hereby created the unemployment bond repayment account, which shall be credited with bond assessments for nonprincipal-related bond costs collected on behalf of the division under section 24-36-121 or the Colorado housing and finance authority under section 29-4-710.7 or by the division under section 8-71-103. After the division's costs have been deducted from the bond repayment account, money in the fund shall be paid to the account or accounts maintained by the state treasurer under section 24-36-121 or the Colorado housing and finance authority under section 29-4-710.7 or by the division with respect to bonds issued under section 8-71-103.