2016 Colorado Revised Statutes
Title 24 - Government - State
Principal Departments
Article 33 - Department of Natural Resources
Part 1 - Department of Natural Resources
§ 24-33-108. Gifts and devises to the department

(1) The department of natural resources is authorized to receive or reject gifts and devises of money or property and, subject to the terms of any gift or devise and to the provisions of any applicable law, to hold such funds or property in trust or invest, sell, or exchange the same and use either principal or interest or the proceeds of sale or the exchanged property received for the benefit of the department and the public as specified in this section.

(2) The department of natural resources may cooperate with and assist any donor or foundation or similar organization intending to make gifts and devises of money and property for donation to or use by the department in the provision and maintenance of parks, recreational areas, or scenic or natural areas and for related uses. The acceptance of any gift or devise shall not commit the state to any expenditure of state funds.

(3) Any moneys received as gifts under this section and any moneys received from the investment of such moneys or property received under this section and any interest therefrom shall be credited to a special fund known as the Colorado natural resources foundation fund. Such fund and any gifts or devises received by the department of natural resources pursuant to this section shall not diminish any appropriations made to the department. Such funds shall not be expended in such a manner as to commit expenditures from the general fund or any cash fund which is designated for regulatory purposes within the division of water resources. The use of gifts and devises shall be subject to audit by the state auditor or the auditor's designee, the cost of which shall be borne by the department.

(4) Repealed.