Colorado § 24-75-702 - Local governments - authority to pool surplus funds.
Full text of Colorado Colorado Revised Statutes § 24-75-702 — Local governments - authority to pool surplus funds., with citation guidance and answers to common questions.
§ 24-75-702. Local governments - authority to pool surplus funds.
(1) In accordance with this part 7, it is lawful for any local government to pool any money in its treasury, which is not immediately required to be disbursed, with the same money in the treasury of any other local government and to invest such money in a local government investment pool trust fund in order to more efficiently and safely invest their funds.
(2) Any trust fund formed pursuant to this part 7 shall be subject to part 4 of article 6 and part 2 of article 72 of this title and shall be considered a local public body for purposes of those provisions.
Source: L. 93: Entire part R&RE, p. 320, § 1, effective July 1. L. 2019: (1) amended, (HB 19-1179), ch. 279, p. 2622, § 3, effective August 2.
Editor's note: This section is similar to former § 24-75-701 as it existed prior to 1993.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-75-702
What does Colorado Revised Statutes § 24-75-702 cover?
Section 24-75-702 ("Local governments - authority to pool surplus funds.") 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 § 24-75-702?
A common citation format is "Colorado Revised Statutes § 24-75-702" (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 § 24-75-702 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.