(1) Notwithstanding the provisions of section 24-22-115, any tobacco litigation settlement moneys received by the state are subject to appropriation by the general assembly if the purpose for which the moneys may be expended is not specified or approved by a court or other nonColorado authority.
(2) When any agency of state government proposes that any tobacco litigation settlement moneys are custodial in nature, the agency shall notify the joint budget committee in writing and shall explain the basis for determining that the moneys are custodial and shall set forth the purpose for which the agency intends to expend such moneys.
Source: L. 99: Entire section added, p. 1403, § 2, effective June 5. L. 2000: Entire section amended, p. 758, § 3, effective May 23. L. 2016: (1) amended, (HB 16-1408), ch. 153, p. 463, § 6, effective July 1.
Editor's note: Section 4 of chapter 181, Session Laws of Colorado 2000, provides that the act amending this section applies to all moneys transmitted to the state treasurer before, on, or after May 23, 2000, to compensate the state for attorney fees, court costs, and other expenses incurred by the state in obtaining the tobacco litigation settlement.