Colorado § 40-7-118 - Legal services offset fund - creation - exemption from maximum reserve.
Full text of Colorado Colorado Revised Statutes § 40-7-118 — Legal services offset fund - creation - exemption from maximum reserve., with citation guidance and answers to common questions.
§ 40-7-118. Legal services offset fund - creation - exemption from maximum reserve.
(1) (a) The legal services offset fund is created in the state treasury. The fund consists of the civil penalties that are collected and credited to the fund pursuant to section 40-7-112 (1)(b) for violations of article 10.1 of this title 40 or commission rules adopted pursuant to article 10.1 of this title 40. The money in the fund is continuously appropriated to the commission for use to offset the costs of legal representation of the staff of the commission in proceedings before the commission concerning the enforcement of article 10.1 of this title 40. The commission shall use the money in the legal services offset fund to support appropriations made to the agency that are used for legal representation of the staff of the commission in proceedings concerning the enforcement of article 10.1 of this title 40.
(b) The money in the fund and any interest earned on money in the fund at the end of any fiscal year remains in the fund and shall not be transferred to the general fund or any other fund; except that, if the balance in the fund exceeds two hundred fifty thousand dollars, the state treasurer shall transfer the money in excess of two hundred fifty thousand dollars to the general fund.
(2) In accordance with section 24-75-402 (2)(a) and for each fiscal year, the alternative maximum reserve for the legal services offset fund is two hundred fifty thousand dollars.
Source: L. 2017: Entire section added, (SB 17-180), ch. 281, p. 1532, § 3, effective August 9. L. 2019: (1)(a) amended, (SB 19-236), ch. 359, p. 3312, § 18, effective May 30. L. 2026: (1)(a) amended, (HB 26-1326), ch. 210, p. 1223, § 18, effective August 12.
Editor's note: Section 50(2) of chapter 210 (HB 26-1326), Session Laws of Colorado 2026, provides that the act changing this section applies to conduct occurring on or after August 12, 2026.
40-7.5 ARTICLE 7.5
Civil Remedies Available to Utilities
40-7.5-101. Definitions.
40-7.5-102. Civil action allowed.
40-7.5-103. Presumptions.
40-7.5-104. Remedies cumulative.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 40-7-118
What does Colorado Revised Statutes § 40-7-118 cover?
Section 40-7-118 ("Legal services offset fund - creation - exemption from maximum reserve.") 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 § 40-7-118?
A common citation format is "Colorado Revised Statutes § 40-7-118" (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 § 40-7-118 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.