Colorado § 24-36-405 - Tax credit sale proceeds cash fund - creation.
Full text of Colorado Colorado Revised Statutes § 24-36-405 — Tax credit sale proceeds cash fund - creation., with citation guidance and answers to common questions.
§ 24-36-405. Tax credit sale proceeds cash fund - creation.
(1) The tax credit sale proceeds cash fund is created in the state treasury. The fund consists of money generated by sale proceeds credited to the fund pursuant to section 24-36-406 and any other money that the general assembly may appropriate or transfer to the fund.
(2) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the tax credit sale proceeds cash fund to the fund.
(3) The state treasurer shall transfer any unexpended and unencumbered money remaining in the tax credit sale proceeds cash fund at the end of a fiscal year to the general fund.
(4) (a) Subject to annual appropriation by the general assembly, the department may expend money from the fund for any reasonable and necessary administrative, monitoring, and closing costs associated with implementing and administering parts 4 and 5 of this article 36.
(b) Subject to annual appropriation by the general assembly, the department of revenue may expend money from the fund for direct and indirect costs associated with implementing and administering parts 4 and 5 of this article 36.
Source: L. 2025, 1st Ex. Sess.: Entire part added, (HB 25B-1004), ch. 8, p. 31, § 1, effective August 28.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-36-405
What does Colorado Revised Statutes § 24-36-405 cover?
Section 24-36-405 ("Tax credit sale proceeds cash fund - creation.") 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 § 24-36-405?
A common citation format is "Colorado Revised Statutes § 24-36-405" (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 § 24-36-405 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.