2016 Colorado Revised Statutes
Title 24 - Government - State
Principal Departments
Article 30 - Department of Personnel - State Administrative Support Services
Part 11 - Division of Central Services
§ 24-30-1108. Revolving fund - service charges - pricing policy

(1) There is hereby created a department of personnel revolving fund for use in acquiring such materials, supplies, labor, and overhead as are required. Moneys collected and deposited in the fund shall be from state and local government user fees and from rebates, including, but not limited to, rebates from car rentals, travel agencies, lodging, and travel cards. The fund shall be under the direction of the executive director.

(2) Users of department services shall be charged the full cost of the particular service, which shall include the cost of all material, labor, and overhead.

(3) The executive director shall have a pricing policy of remaining competitive with or at a lower rate than private industry in the operation of any service function which the executive director establishes.

(4) The executive director shall keep a full, true, and accurate record of the costs of providing each particular service.

(5) Repealed.

(6) (a) (I) Repealed.

(II) Any uncommitted capital outlay reserves at the end of a given fiscal year may be used for capital outlay subject to an appropriation in the annual general appropriation act.

(b) For purposes of this subsection (6), unless the context otherwise requires:

(I) "Capital outlay" has the same meaning as set forth in section 24-75-112 (1) (a).

(II) "Capital outlay reserve" means any accumulated depreciation identified in fund balance reports prepared by the department of personnel.