2020 Colorado Revised Statutes
Title 32 - Special Districts
Article 8. Moffat Tunnel Improvement District
Section 32-8-126. Moffat tunnel cash fund - created.
(1) All cash, proceeds, and other moneys collected by the department pursuant to this article shall be transmitted to the state treasurer who shall credit the same to the Moffat tunnel cash fund, which fund is hereby created. Moneys in the fund not subject to immediate transfer pursuant to section 32-8-124.7 (2) shall be subject to annual appropriation by the general assembly for the direct and indirect costs of the administration of this article.
Notwithstanding any provision of subsection (1) of this section to the contrary, onJune 1, 2009, the state treasurer shall deduct eighty-six thousand seven hundred fifty-eight dollars from the Moffat tunnel cash fund and transfer such sum to the general fund.
Notwithstanding subsection (1) of this section, on June 30, 2020, the state treasurershall transfer one hundred sixty-seven thousand four hundred sixty-three dollars from the Moffat tunnel cash fund to the general fund.
Source: L. 96: Entire section added, p. 1051, § 6, effective May 23. L. 2002: Entire section amended, p. 1074, § 6, effective August 7. L. 2009: Entire section amended, (SB 09279), ch. 367, p. 1930, § 19, effective June 1. L. 2020: (3) added, (HB 20-1381), ch. 171, p. 786, § 7, effective June 29.
Cross references: For the legislative declaration contained in the 2002 act amending this section, see section 1 of chapter 274, Session Laws of Colorado 2002.
