(1) There is hereby created in the state treasury a fund to be known as the Colorado youth service corps fund, which shall be administered by the executive director of the department of local affairs.
All moneys received pursuant to section 24-32-2011 and any other moneys receivedby the youth service corps shall be placed in said fund.
The general assembly shall make annual appropriations of the moneys in the fund tothe department for allocation to the youth service corps for administering the provisions of this part 20. All interest derived from the deposit and investment of moneys in the fund shall be credited to the fund.
Any moneys in the fund not appropriated shall remain in the fund and shall not betransferred or revert to the general fund of the state at the end of any fiscal year.
The general assembly shall make no general fund appropriation to either the fund orthe department of local affairs for payment of any deficiency in the fund in the event that moneys in the fund are not sufficient for the costs of administering the provisions of this part 20.
Source: L. 91: Entire part added, p. 927, § 1, effective May 31.