(1) As used in this section, 'fund' means the hazardous substance site response fund created in subsection (2) of this section.(2)(a) The hazardous substance site response fund is created in the state treasury. The fund consists of any money transferred pursuant to section 24-75-220 (4)(a) (III.5). The general assembly may appropriate money in the fund to the department for the purposes specified in section 25-16-104.(b) Repealed.(3) Any moneys in the fund not expended may be invested by the state treasurer as provided by law. All interest and income derived from the investment and deposit of moneys in the fund are credited to the fund. Any unexpended and unencumbered moneys remaining in the fund at the end of a fiscal year remain in the fund and may not be credited or transferred to the general fund or any other fund.(4)(a)(I) On May 1, 2024, the state treasurer shall transfer to the hazardous substance response fund created in section 25-16-104.6 four million dollars from the hazardous substance site response fund.(II) This subsection (4)(a) is repealed, effective July 1, 2025.(b)(I) On May 1, 2025, the state treasurer shall transfer to the hazardous substance response fund zardous substance site response fund.(II) This subsection (4)(a) is repealed, effective July 1, 2025.(b)(I) On May 1, 2025, the state treasurer shall transfer to the hazardous substance response fund created in section 25-16-104.6 the unexpended and unencumbered money in the hazardous substance site response fund.(II) This subsection (4)(b) is repealed, effective July 1, 2026.Amended by 2024 Ch. 85,§ 2, eff. 4/18/2024.Amended by 2023 Ch. 82,§ 2, eff. 4/17/2023.Added by 2014 Ch. 299, § 1, eff. 5/31/2014.L. 2014: Entire section added, (HB 14-1339), ch. 299, p. 1252, § 1, effective May 31.Subsection (2)(b)(II) provided for the repeal of subsection (2)(b), effective July 1, 2024. (See L. 2023, p. 290.)
Colorado Legal Code