Section 22-5-106 - Financing, budgeting, and accounting(1)(a) Financing of the services performed under the direction of the board of cooperative services shall be by contributions from available moneys in any funds, which may be legally expended for such services, of the participating members on the basis of a proportionality agreed upon by the participating members and from the boards of cooperative services.(b) A board of cooperative services may finance all or a portion of the costs of an approved career and technical education program from funds received pursuant to part 1 of article 8 of title 23.(2) A board of cooperative services shall adopt a budget and an appropriation resolution prior to the beginning of the fiscal year for which adopted.(3) A board of cooperative services shall follow the provisions of the "School District Budget Law of 1964", being part 1 of article 44 of this title, wherever such provisions are applicable; except that the provisions of sections 22-44-112 (3)(c), (4), and (6) and 22-44-115 (4) shall not apply to a board of cooperative services.Amended by 2021 Ch. 308, § 6, eff. 6/23/2021.Amended by 2017 Ch. 264, § 42, eff. 5/25/2017.L. 65: p. 1028, § 5. C.R.S. 1963: § 123-34-5. L. 67: p. 793, § 1. L. 71: p. 1176, § 1. L. 73: p. 1293, § 2. L. 90: (2) amended, p. 1080, § 33, effective May 31. L. 91: (1) amended, p. 899, § 36, effective June 5. L. 2005: (1) amended, p. 435, § 10, effective April 29. L. 2017: (1)(b) amended, (SB 17-294), ch. 1394, p. 1394, § 42, effective May 25. L. 2021: (1)(b) amended, (HB 21-1264), ch. 1874, p. 1874, § 6, effective June 23.Section 20 of chapter 308 (HB 21-1264), Session Laws of Colorado 2021, provides that the act changing this section takes effect only if SB 21-288 becomes law and takes effect either upon the effective date of HB 21-1264 or SB 21-288, whichever is later. SB 21-288 became law and took effect June 11, 2021, and HB 21-1264 took effect June 23, 2021.
For the legislative declaration in HB 21-1264, see section 2 of chapter 308, Session Laws of Colorado 2021.