(1) The department of revenue may seek, accept, and expend gifts, grants, or donations from private or public sources for the purposes of implementing the donate to a Colorado nonprofit fund, including but not limited to creating information systems and procedures necessary to collect and distribute designated contributions. The department shall transmit all money received through gifts, grants, or donations to the state treasurer, who shall credit the money to the donate to a Colorado nonprofit fund created in section 39-22-5104 (1).
(2) This part 51 is repealed if the department of revenue does not receive sufficient funding to implement the donate to a Colorado nonprofit fund from gifts, grants, and donations as described in subsection (1) of this section on or before September 30, 2020. The executive director of the department shall notify the revisor of statutes in writing if the department has not received the amounts required by this subsection (2) on or before September 30, 2020, by emailing the notice to [email protected]. This part 51 is repealed, effective upon the date of the notice to the revisor of statutes.
Source: L. 2018: Entire part added, (SB 18-141), ch. 290, p. 1791, § 1, effective August 8.