Colorado § 24-32-3208 - Additional sources of funding.

§ 24-32-3208. Additional sources of funding.

(1) Notwithstanding any other provision of this part 32, grants to be made to eligible participants in accordance with this part 32 may be made from any combination of moneys in the Colorado heritage communities fund created in section 24-32-3207 and any other moneys collected by the executive director for such purposes consistent with the intent of this part 32.

(2) Any eligible participant may pursue additional sources of funding for purposes consistent with the intent of this part 32, including, without limitation, grants, donations, or contributions from any other public or private sources.

(3) As money becomes available, the office of smart growth created in section 24-32-3203 (1) may provide grants or other forms of assistance to counties and municipalities for purposes consistent with section 24-32-3203 (3)(c)(II), including, without limitation, the hiring of consultants and related forms of professional expertise; updating plans, policies, codes, and related land development review processes; and offering grants, loans, or other forms of assistance as incentives for the development of affordable housing, which forms of assistance may include the acquisition of property, the provision of infrastructure, or the development of community amenities. The office shall create guidelines to specify the activities on the part of local governments that will qualify for grant funding or other forms of assistance under this subsection (3). The office may also use available money to implement or facilitate grant and other incentive programs by hiring staff, creating technical resources for local governments, hiring consultants and related forms of professional expertise, and otherwise administering the Colorado heritage grant program in accordance with this part 32.The office may use a portion of any such money for hiring and maintaining staff, defraying operational expenses, and administration associated with the provision of grants and other forms of incentives under this subsection (3).

Source: L. 2000: Entire part added, p. 889, § 1, effective August 2. L. 2021: (3) added, (HB 21-1271), ch. 356, p. 2327, § 10, effective June 27.

Cross references: For the legislative declaration in HB 21-1271, see section 1 of chapter 356, Session Laws of Colorado 2021.