Colorado § 26-1-309 - Trust fund.
Full text of Colorado Colorado Revised Statutes § 26-1-309 — Trust fund., with citation guidance and answers to common questions.
§ 26-1-309. Trust fund.
(1) There is hereby created in the state treasury the Colorado brain injury trust fund. The trust fund consists of any money collected from surcharges assessed pursuant to sections 30-15-402 (3), 42-4-1307 (10)(c), and 42-4-1701 (4)(e); gifts, grants, or donations; and any other money that the general assembly may appropriate or transfer to the trust fund. Subject to annual appropriation by the general assembly, the board may expend money in the trust fund for the direct and indirect costs associated with the implementation of this part 3.
(2) The board may seek, accept, and expend gifts, grants, or donations, from private or public sources for purposes of this part 3. The board shall transmit all money received through gifts, grants, or donations to the state treasurer, who shall credit the money to the trust fund.
(3) The trust fund is a continuing trust fund. All interest earned upon money in the trust fund and deposited or invested may be invested in the types of investments authorized in sections 24-36-109, 24-36-112, and 24-36-113. The state treasurer shall credit all interest and income derived from the deposit and investment of money in the trust fund to the trust fund.
(4) The trust fund revenue and its reserves shall be used solely for the purposes and in the manner described in sections 26-1-304 to 26-1-307.
(5) All unexpended and unencumbered moneys remaining in the trust fund shall remain in the trust fund.
Source: L. 2002: Entire section added, p. 1609, § 1, effective January 1, 2003. L. 2003: (1) amended, p. 1999, § 52, effective May 22. L. 2009: (1) amended and (4) and (5) added, (SB 09-005), ch. 135, p. 590, § 7, effective April 20. L. 2010: (1) amended, (HB 10-1347), ch. 258, p. 1160, § 11, effective July 1. L. 2019: (1), (2), and (3) amended, (HB 19-1147), ch. 178, p. 2032, § 9, effective August 2.
Editor's note: This section was enacted as 26-1-210 in House Bill 02-1281 but was renumbered on revision for ease of location.
Frequently Asked Questions About Colorado § 26-1-309
What does Colorado Revised Statutes § 26-1-309 cover?
Section 26-1-309 ("Trust fund.") 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 § 26-1-309?
A common citation format is "Colorado Revised Statutes § 26-1-309" (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 § 26-1-309 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.