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2021 Colorado Code
Title 44 - Revenue - Regulation of Activities
Article 40 - State Lottery Division
§ 44-40-112. Audits and Annual Reports
Universal Citation:
CO Rev Stat § 44-40-112 (2021)
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- The lottery fund shall be audited at least annually by or under the direction of the state auditor, who shall submit a report of the audit to the legislative audit committee. The annual audit shall include compliance with section 3 of article XXVII of the state constitution. The expenses of the audit shall be paid from the lottery fund.
- The director shall evaluate the lottery's expenditures to determine areas where the expenditures may be reduced with the goal of increasing net proceeds as a percentage of sales paid to the beneficiaries. Not later than July 1, 2005, the director shall report to the governor, the legislative audit committee, and the joint budget committee on any recommendations he or she desires to make based upon the evaluation.
History. Source: L. 2018: Entire article added with relocations,(HB 18-1027), ch. 31, p. 352, § 2, effective October 1.
Editor's note:
This section is similar to former § 24-35-211 as it existed prior to 2018.
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