2023 Colorado Revised Statutes › Title 24 - GOVERNMENT - STATE (§§ 24-1-101 — 24-116-102) › OTHER AGENCIES (§§ 24-40-101 — 24-49.9-102) › Article 49.7 - COLORADO TOURISM OFFICE (§§ 24-49.7-101 — 24-49.7-110) › Section 24-49.7-106 - Colorado travel and tourism promotion fund - Colorado travel and tourism additional source fund - creation - nature of funds

(1)
There is hereby created a fund in the state treasury to be known as the Colorado travel and tourism promotion fund, which shall be administered by the board and which shall consist of:
(a)
All money transferred thereto in accordance with sections
38-13-801.5 (3)
and
44-30-701 (2)
; and
(b)
Any moneys appropriated thereto by the general assembly.
(2)
There is hereby created a fund in the state treasury to be known as the Colorado travel and tourism additional source fund, which shall be administered by the board and which shall consist of:
(a)
Any grants, donations, gifts, or other moneys provided to the state for the promotion of travel or tourism in the state; and
(b)
All moneys that otherwise may be made available to the additional source fund or the office to be expended for the purposes set forth in this article.
(3)
(a)
The moneys in the fund shall be annually appropriated by the general assembly for the purposes of this article. All moneys not appropriated, including interest earned on the investment or deposit of moneys in the fund, shall remain in the fund and shall not revert to the general fund of the state at the end of any fiscal year. Any moneys not expended or encumbered from any appropriation at the end of any fiscal year shall remain available for expenditure in the next fiscal year without further appropriation.
(b)
The moneys in the additional source fund shall be continuously appropriated for the purposes of this article. All moneys not expended, including interest earned on the investment or deposit of moneys in the fund, shall remain in the additional source fund and shall not revert to the general fund of the state at the end of any fiscal year.
(4) and (5)
Repealed.
(6)
Notwithstanding any provision of paragraph (a) of subsection (3) of this section to the contrary, on June 30, 2011, the state treasurer shall deduct two million five hundred thousand dollars from the Colorado travel and tourism promotion fund and transfer such sum to the general fund.
Amended by 2019 Ch. 110, § 8, eff. 7/1/2020.
Amended by 2018 Ch. 14, § 39, eff. 10/1/2018.
L. 2000: Entire article added, p. 668, § 1, effective May 22. L. 2001: (1)(a) amended, p. 1274, § 34, effective June 5. L. 2004: (1)(a) amended and (4) added, p. 1263, § 4, effective May 27. L. 2006: IP(4)(a) and (4)(b) amended and (5) added, p. 1650, § 1, effective June 5. L. 2007: (5)(c) amended, p. 2039, § 58, effective June 1. L. 2008: (3)(a) amended, p. 34 , § 4, effective March 13; (4) and (5) repealed, p. 865, § 2, effective 2/27/2009. L. 2010: (1)(a) amended, (HB 10-1339), ch. 458, p. 458, § 7, effective April 15. L. 2011: (6) added, (SB 11 -164), ch. 93, p. 93, § 4, effective March 18; (1)(a) amended, (SB 11 -159), ch. 144, p. 144, § 7, effective March 25. L. 2018: (1)(a) amended, (SB 18 -034), ch. 247, p. 247, § 39, effective October 1. L. 2019: (1)(a) amended, (SB 19-088), ch. 467, p. 467, § 8, effective 7/1/2020.
For the legislative declaration contained in the 2004 act amending subsection (1)(a) and enacting subsection (4), see section 1 of chapter 322, Session Laws of Colorado 2004.