Colorado Revised Statutes Title 8. Labor and Industry § 8-77-109. Employment support fund--employment and training technology fund--created--uses--repeal

(II)(A) To fund labor standards, labor relations, and the Colorado works grievance procedure under the provisions of articles 1 to 6, 9, 10, 12, and 13 of this title and section 26-2-716(3)(b), C.R.S.

(B) Deleted by Laws 2003, Ch. 345, § 1, eff. June 3, 2003.

(C) To fund the administration of article 14.4 of this title 8. This subsection (2)(a)(II)(C) is repealed, effective July 1, 2022.

(II)(A) The employment and training technology fund, referred to in this subsection (2)(a.9) as the “fund”, is created in the state treasury. Notwithstanding any provision of this subsection (2) to the contrary, on and after April 27, 2021, 0.0004 assessed against each employer's premium under section 8-76-102.5(3)(a) shall be credited to the employment and training technology fund. On and after April 27, 2021, and on or before June 30, 2023, if cumulative revenue to the employment and training technology fund equals thirty-one million dollars, less any money transferred to the unemployment compensation fund, no additional money shall be credited to the employment and training technology fund but instead shall be allocated to the unemployment compensation fund. On and after July 1, 2023, any amount collected in a fiscal year in excess of seven million dollars under this subsection (2)(a.9)(II) shall be credited to the unemployment compensation fund. Money in the fund shall be used for employment and training automation initiatives established by the director of the division. Money in the fund is subject to annual appropriation by the general assembly for the purposes of this subsection (2)(a.9) and shall not revert to the general fund or any other fund at the end of any fiscal year. The money in the fund is exempt from section 24-75-402. At any time, the money in the employment and training technology fund may be appropriated by the general assembly to the unemployment compensation fund or allocated to the unemployment compensation fund at the discretion of the executive director of the department of labor and employment.

(B) Repealed by Laws 2021, Ch. 62 (S.B. 21-218), § 1, eff. Dec. 31, 2021.

(C) This subsection (2)(a.9) is repealed, effective June 30, 2031.