Moneys received by the board for the implementation of this article, and for building reserves for the operation and sustainability of the exchange pursuant to section 10-22-109, must be transferred directly to the exchange for the purposes of this article. The board shall deposit any moneys received in a banking institution within or outside the state. Moneys from the general fund shall not be used for the implementation of this article, except for the sums specified in section 10-22-107 (3) and for legislative staff agency services. The account of the banking institution must be insured by the federal deposit insurance corporation and compliant with the "Public Deposit Protection Act", article 10.5 of title 11, C.R.S.
Source: L. 2011: Entire article added, (SB 11-200), ch. 246, p. 1079, § 1, effective June 1. L. 2013: Entire section amended, (HB 13-1245), ch. 258, p. 1360, § 4, effective May 23.