(1) There is authorized to be created and maintained for each separate unit of the Colorado National Guard a unit fund. Expenditures from such unit fund shall be made in accordance with rules and regulations established by the adjutant general of the state of Colorado and applicable federal laws, rules, and regulations.
(2) There is authorized to be deposited in each unit fund such moneys as may be received from gifts, bequests, contributions, including federal contributions, and such amounts as may be appropriated to such unit funds from the general fund of the state of Colorado.
Source: L. 55: p. 625, § 55. CRS 53: § 94-9-5. C.R.S. 1963: § 94-1-55. L. 71: p. 1046, § 7. L. 2002: (2) amended, p. 589, § 17, effective May 24.