(1) The department of public safety and the working group are authorized to accept gifts, grants, or donations, including in-kind donations from private or public sources, for the purposes of this article 25. All private and public money received through gifts, grants, or donations by the department of public safety or by the working group must be transmitted to the state treasurer, who shall credit the same to the Colorado working group on school safety cash fund, which fund is created in the state treasury and referred to in this article 25 as the "cash fund". The state treasurer shall invest any money in the cash fund not expended for the purposes of this article 25 as provided in section 24-36-113. All interest and income derived from the investment and deposit of money in the cash fund must be credited to the cash fund. Any unexpended and unencumbered money remaining in the cash fund at the end of any fiscal year remains in the cash fund and shall not be credited or transferred to the general fund or any other fund. (2) The department of public safety is not required to solicit gifts, grants, or donations from any source for the purposes of this article 25.
‹ Prev All Colorado sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.