Colorado § 2-2-2308 - Gifts, grants, and donations - cash fund.
Full text of Colorado Colorado Revised Statutes § 2-2-2308 — Gifts, grants, and donations - cash fund., with citation guidance and answers to common questions.
§ 2-2-2308. Gifts, grants, and donations - cash fund.
(1) The commission may seek, accept, and expend gifts, grants, or donations from private or public sources for the purposes of this section. The commission shall transmit all money received through gifts, grants, or donations to the state treasurer, who shall credit the money to the Black Coloradan racial equity study cash fund created in this section.
(2) The commission may accept donations of in-kind services for the purposes of this section, including for technical assistance.
(3) (a) The Black Coloradan racial equity study cash fund is created in the state treasury. The fund consists of gifts, grants, and donations credited to the fund pursuant to subsection (1) of this section and any other money that the general assembly may appropriate or transfer to the fund. The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.
(b) Money in the fund is continuously appropriated as follows:
(I) To the legislative council for the commission to carry out this part 23; and
(II) To the society for conducting historical research pursuant to section 2-2-2305.
(c) (I) If by June 30, 2025, the money in the fund has never reached or exceeded seven hundred eighty-five thousand dollars, the state treasurer shall return from the fund to the grantor or donor the amount of the grantor's or donor's gifts, grants, or donations.
(II) If sections 2-2-2304, 2-2-2305, 2-2-2306, and 2-2-2307 take effect pursuant to section 2-2-2309 (1), on the day prior to the repeal of the fund four years later pursuant to section 2-2-2309 (2), the state treasurer shall return from the fund to each grantor or donor the money remaining in the fund in an amount that is proportional to the grantor's or donor's share of the total amount of gifts, grants, or donations deposited to the fund.
(III) If any money remains in the fund after the state treasurer returns money to donors or grantors pursuant to subsection (3)(c)(I) or (3)(c)(II) of this section, as applicable, the state treasurer shall, prior to the repeal of the fund, transfer all unexpended and unencumbered money in the fund to the general fund.
Source: L. 2024: Entire part added, (SB 24-053), ch. 368, p. 2480, § 1, effective August 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 2-2-2308
What does Colorado Revised Statutes § 2-2-2308 cover?
Section 2-2-2308 ("Gifts, grants, and donations - cash fund.") 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 § 2-2-2308?
A common citation format is "Colorado Revised Statutes § 2-2-2308" (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 § 2-2-2308 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.