Colorado § 24-30-2305 - Inflation reduction act elective pay - central submission of applications - cash fund - definition.
Full text of Colorado Colorado Revised Statutes § 24-30-2305 — Inflation reduction act elective pay - central submission of applications - cash fund - definition., with citation guidance and answers to common questions.
§ 24-30-2305. Inflation reduction act elective pay - central submission of applications - cash fund - definition.
(1) In addition to the powers, duties, and functions of the office specified in section 24-30-2303, the office shall review and coordinate state agencies' elective pay applications and work with the office of the state controller to coordinate central submissions of elective pay applications. The office shall advise and provide technical assistance to state agencies on all aspects of elective pay to the extent feasible. State agencies shall submit elective pay applications directly to the office of the state controller.
(2) (a) The inflation reduction act elective pay cash fund, referred to in this section as the "cash fund", is created in the state treasury. The cash fund consists of money received by the state or state agencies pursuant to the elective pay provisions of the federal "Inflation Reduction Act of 2022", Pub.L. 117-169, 136 Stat. 1818 (2022), all of which must be deposited into the cash fund, and any other money that the general assembly may appropriate or transfer to the cash fund.
(b) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the cash fund to the cash fund. Any unexpended and unencumbered money remaining in the cash fund at the end of a fiscal year shall remain in the cash fund.
(c) Money in the cash fund is continuously appropriated to the department to be used for the purposes specified in this part 23.
(3) The department may solicit, accept, and expend gifts, grants, and donations for the purposes specified in this part 23. The department shall credit any gifts, grants, and donations to the cash fund.
Source: L. 2024: Entire part added, (SB 24-214), ch. 191, p. 1088, § 1, effective May 17.
PART 24
PATHWAYS TO PUBLIC SERVICE PROGRAM
Cross references: For the legislative declaration in HB 26-1136, see section 1 of chapter 43, Session Laws of Colorado 2026.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-30-2305
What does Colorado Revised Statutes § 24-30-2305 cover?
Section 24-30-2305 ("Inflation reduction act elective pay - central submission of applications - cash fund - definition.") 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 § 24-30-2305?
A common citation format is "Colorado Revised Statutes § 24-30-2305" (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 § 24-30-2305 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
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