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CO SB194
Bill
AI Summary
- Expands authority to receive gifts, grants, donations, and devises of money or property from only the Department of Natural Resources to include each of its divisions
- Allows the department and its divisions to hold, invest, sell, or exchange received funds and use principal, interest, or proceeds for the benefit of the applicable division and the public
- Credits all money and property received under this section to the Colorado Natural Resources Foundation Fund, which must be audited by the state auditor with costs borne by the department
- Prohibits accepted gifts, grants, donations, or devises from committing the state to any expenditure of state funds or diminishing existing appropriations to the department
- Takes effect August 8, 2018, or if subject to a referendum petition, on the date of official declaration following voter approval at the November 2018 general election
Legislative Description
Contributions Colorado Natural Resources Foundation Fund
Last Action
Senate Committee on Finance Postpone Indefinitely
3/13/2018
Committee Referrals
Finance3/5/2018
Full Bill Text
No bill text available