Colo. Rev. Stat. § 12-170-111

Current through 11/5/2024 election
Section 12-170-111 - Fees - cash fund - created
(1) Based upon the appropriation made and subject to the approval of the executive director of the department of regulatory agencies, the director shall establish and adjust fees that the director is authorized by law to collect so that the revenue generated from the fees approximates its direct and indirect costs; except that fees must not exceed the amount necessary to administer this article 170.
(2) The natural medicine facilitator cash fund, referred to in this section as the "fund", is created in the state treasury. The fund consists of fees credited to the fund pursuant to this article 170 and any other money that the general assembly may appropriate or transfer to the fund.
(3) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.
(4) Money in the fund is continuously appropriated to the department for the administration of this article 170.

C.R.S. § 12-170-111

Amended by 2023 Ch. 249,§ 10, eff. 7/1/2023.
Added by 2022 Ballot Proposition 122, passed by voters in 11/8/2020 election, eff. upon official proclamation by governor, 12/27/2022.