(1) There is hereby created in the state treasury the Colorado brain injury trust fund. The trust fund consists of any money collected from surcharges assessed pursuant to sections 30-15-402 (3), 42-4-1307 (10)(c), and 42-4-1701 (4)(e); gifts, grants, or donations; and any other money that the general assembly may appropriate or transfer to the trust fund. Subject to annual appropriation by the general assembly, the board may expend money in the trust fund for the direct and indirect costs associated with the implementation of this part 3.
The board may seek, accept, and expend gifts, grants, or donations, from private orpublic sources for purposes of this part 3. The board shall transmit all money received through gifts, grants, or donations to the state treasurer, who shall credit the money to the trust fund.
The trust fund is a continuing trust fund. All interest earned upon money in the trustfund and deposited or invested may be invested in the types of investments authorized in sections 24-36-109, 24-36-112, and 24-36-113. The state treasurer shall credit all interest and income derived from the deposit and investment of money in the trust fund to the trust fund.
The trust fund revenue and its reserves shall be used solely for the purposes and inthe manner described in sections 26-1-304 to 26-1-307.
All unexpended and unencumbered moneys remaining in the trust fund shall remainin the trust fund.
Source: L. 2002: Entire section added, p. 1609, § 1, effective January 1, 2003. L. 2003: (1) amended, p. 1999, § 52, effective May 22. L. 2009: (1) amended and (4) and (5) added, (SB
09-005), ch. 135, p. 590, § 7, effective April 20. L. 2010: (1) amended, (HB 10-1347), ch. 258, p. 1160, § 11, effective July 1. L. 2019: (1), (2), and (3) amended, (HB 19-1147), ch. 178, p. 2032, § 9, effective August 2.
Editor's note: This section was enacted as 26-1-210 in House Bill 02-1281 but was renumbered on revision for ease of location.