44-1-504. (Temporary) Special revenue account to partially fund highway patrol officers' salaries. (1) There is an account in the state special revenue fund provided for in 17-2-102.
(2) The money in the account is for the department of justice to fund, pursuant to 2-18-303(5):
(a) the base salary and associated operating costs for highway patrol officer positions; and
(b) biennial salary increases for highway patrol officers.
(3) (a) By August 15, 2021, the state treasurer shall transfer $4 million from the account to the highway patrol officers' retirement pension trust fund.
(b) By August 15, 2022, the state treasurer shall transfer $2 million from the account to the highway patrol officers' retirement pension trust fund.
(4) Starting July 1, 2023, and in each fiscal year thereafter, the state treasurer shall transfer $500,000 from the account to the highway patrol officers' retirement pension trust fund by August 15. (Terminates on occurrence of contingency--sec. 3, Ch. 472, L. 2021.)
44-1-504. (Effective on occurrence of contingency) Special revenue account to partially fund highway patrol officers' salaries. (1) There is an account in the state special revenue fund provided for in 17-2-102.
(2) The money in the account is for the department of justice to fund, pursuant to 2-18-303(5):
(a) the base salary and associated operating costs for highway patrol officer positions; and
(b) biennial salary increases for highway patrol officers.
History: En. Sec. 4, Ch. 421, L. 2005; amd. Sec. 46, Ch. 44, L. 2007; amd. Sec. 21, Ch. 81, L. 2007; amd. Sec. 9, Ch. 7, L. 2009; amd. Sec. 9, Ch. 426, L. 2009; amd. Sec. 15, Ch. 272, L. 2013; amd. Sec. 2, Ch. 414, L. 2017; amd. Sec. 1, Ch. 472, L. 2021.