Colorado § 24-90-407 - State grants to publicly supported libraries fund - creation - source of funds - appropriations - administrative costs.
Full text of Colorado Colorado Revised Statutes § 24-90-407 — State grants to publicly supported libraries fund - creation - source of funds - appropriations - administrative costs., with citation guidance and answers to common questions.
§ 24-90-407. State grants to publicly supported libraries fund - creation - source of funds - appropriations - administrative costs.
(1) There is created in the state treasury the state grants to publicly supported libraries fund, which fund is administered by the state librarian and which consists of all moneys that the state librarian collects for purposes of this part 4 from federal grants and other contributions, grants, gifts, bequests, and donations received from individuals, private organizations, or foundations. The state librarian shall transmit the collected moneys to the state treasurer to be credited to the fund.
(2) (a) All moneys in the fund are subject to annual appropriation by the general assembly. In addition to any moneys credited to the fund, the general assembly may annually appropriate moneys to the department of education for the purposes of this part 4. For any given fiscal year, the state librarian shall expend no more than two and one-half percent of the moneys appropriated for this part 4 for the administrative costs of the state librarian in administering this part 4. For any given fiscal year, if the administrative costs amount to less than two and one-half percent of the amount appropriated, the state librarian may distribute the difference between an amount equal to two and one-half percent of the amount appropriated and the amount of administrative costs actually incurred to the regional library service system to assist publicly supported libraries in meeting the eligibility criteria under this part 4.
(b) Repealed.
(3) Notwithstanding any provision of this section to the contrary, on March 5, 2003, the state treasurer shall transfer the balance of moneys in the state grants to publicly supported libraries fund to the general fund.
Source: L. 2000: Entire part added, p. 1327, § 2, effective May 26. L. 2003: (3) added, p. 458, § 16, effective March 5. L. 2015: (1) and (2) amended, (SB 15-108), ch. 12, p. 30, § 9, effective March 13.
Editor's note: Subsection (2)(b)(II) provided for the repeal of subsection (2)(b), effective July 1, 2016. (See L. 2015, p. 30.)
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-90-407
What does Colorado Revised Statutes § 24-90-407 cover?
Section 24-90-407 ("State grants to publicly supported libraries fund - creation - source of funds - appropriations - administrative costs.") 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 § 24-90-407?
A common citation format is "Colorado Revised Statutes § 24-90-407" (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 § 24-90-407 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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