2016 Colorado Revised Statutes
Title 24 - Government - State
State Funds
Article 75 - State Funds
Part 2 - General Fund
§ 24-75-212. Legislative reporting of federal moneys - definitions

(1) (a) Each state agency shall submit to the controller by October 1 of each year a report of all federal moneys received by the state agency. Except as set forth in paragraph (d) of this subsection (1), for each separate grant of federal moneys received, the state agency shall include in the report the following information:

(I) The federal program;

(II) A citation to its federal statutory authority;

(III) The amount received under such program, including indirect cost recoveries;

(IV) The purpose for which the moneys were used;

(V) The percentage of the federal moneys that the state agency used for administrative expenses; and

(VI) A summary of any obligations imposed on the state as a result of accepting the federal moneys.

(b) The state agency shall also include in the report the following information:

(I) The total amount of all federal moneys received by the state agency;

(II) The percentage of the state agency's total spending that was from federal moneys; and

(III) Plans for operating the state agency if there is a reduction of:

(A) Five percent or more in the total amount of all federal moneys that the state agency receives; and

(B) Twenty-five percent or more in the total amount of all federal moneys that the state agency receives.

(c) A state agency shall use the most recently completed state fiscal year as of the report deadline in determining the information required by this subsection (1).

(d) A state institution of higher education is not required to include the information required by subparagraphs (IV), (V), and (VI) of paragraph (a) or paragraph (b) of this subsection (1) in its report to the controller.

(2) In accordance with the provisions of section 24-1-136 (9), the controller shall submit to the general assembly by November 1 of each year a report of all federal moneys, including the same matters required by subsection (1) of this section, received by each state agency during the prior state fiscal year. In the report, the controller shall identify any state agency that failed to submit a report as required by this section.

(3) This section is exempt from the provisions of section 24-1-136 (11) (a) (I).

(4) As used in this section, "state agency" means a principal department of the executive branch of state government specified in section 24-1-110, a state institution of higher education, or an office created in the office of the governor.