Colorado secure savings program fund - creation.

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(1) The Colorado secure savings fund, referred to in this section as the "fund", is hereby created in the state treasury. The fund consists of the following:

  1. Money appropriated to the fund by the general assembly;

  2. Money transferred to the fund from the federal government, other state agencies, orlocal governments;

  3. Money from the payment of fees, penalties, and the payment of other money due tothe board; and

  4. Any gifts, grants, or donations made to the board, and any gifts, grants, donations, orinvestments received by the state treasurer.

  1. The state treasurer shall credit all interest and income derived from the deposit andinvestment of money in the fund to the fund.

  2. Any unexpended and unencumbered moneys remaining in the fund at the end of afiscal year shall remain in the fund.

  3. Money in the fund is continuously appropriated to the board for the purposes ofimplementing and administering this article 54.3.

Source: L. 2020: Entire section added, (SB 20-200), ch. 295, p. 1466, § 7, effective July 14.

Cross references: For the legislative declaration in SB 20-200, see section 1 of chapter 295, Session Laws of Colorado 2020.


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