Colorado § 29-2-207 - Distributions.
Full text of Colorado Colorado Revised Statutes § 29-2-207 — Distributions., with citation guidance and answers to common questions.
§ 29-2-207. Distributions.
(1) The executive director shall make monthly distributions of sales or use tax collections to the appropriate liaison in each statutory local government, special district, and requesting home rule jurisdiction.
(2) (a) If any sales or use tax to be distributed pursuant to this part 2 is not distributed within sixty days after the processing date, the department shall add interest to the undistributed amount from the sixtieth day after the processing date until the date that the sales or use tax is distributed. The rate of interest is equal to the average rate, rounded to one-thousandth of a percent, being earned by the investment of money in the state treasury for the same period.
(b) The provisions of this subsection (2) do not apply if the distribution of sales or use tax was delayed as a result of unforeseen circumstances or caused primarily by an entity other than the department, which determination the department shall make in good faith.
Source: L. 2024: Entire part added with relocations, (SB 24-025), ch. 144, p. 541, § 1, effective July 1, 2025.
Editor's note: Subsection (1) is similar to the first two sentences of former § 29-2-106 (3)(a), and subsection (2) is similar to former § 29-2-106 (10), as they existed prior to July 1, 2025.
Frequently Asked Questions About Colorado § 29-2-207
What does Colorado Revised Statutes § 29-2-207 cover?
Section 29-2-207 ("Distributions.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 29-2-207?
A common citation format is "Colorado Revised Statutes § 29-2-207" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 29-2-207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.