Colorado § 37-60-123.1 - Loan foreclosure fund - created.
Full text of Colorado Colorado Revised Statutes § 37-60-123.1 — Loan foreclosure fund - created., with citation guidance and answers to common questions.
§ 37-60-123.1. Loan foreclosure fund - created.
There is hereby created in the state treasury the loan foreclosure fund, referred to in this section as the "foreclosure fund". The state treasurer is hereby authorized and directed to transfer one hundred thousand dollars from the Colorado water conservation board construction fund to the foreclosure fund. The Colorado water conservation board is authorized to provide funding to cover the direct costs associated with completing foreclosure proceedings against a delinquent borrower from either the Colorado water conservation board construction fund or the severance tax perpetual base fund. The moneys in the foreclosure fund are hereby continuously appropriated to the board for loan foreclosure proceedings, including property management costs, appraisals, assessments, taxes, local government fees, insurance costs, court costs, and legal fees. All interest derived from the investment of moneys in the foreclosure fund shall be credited to the Colorado water conservation board construction fund. Any balance remaining in the foreclosure fund at the end of any fiscal year remains in the fund.
Source: L. 2001: Entire section added, p. 689, § 24, effective May 30. L. 2013: Entire section amended, (SB 13-181), ch. 209, p. 872, § 22, effective May 13.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 37-60-123.1
What does Colorado Revised Statutes § 37-60-123.1 cover?
Section 37-60-123.1 ("Loan foreclosure fund - created.") 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 § 37-60-123.1?
A common citation format is "Colorado Revised Statutes § 37-60-123.1" (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 § 37-60-123.1 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.