9-1.5-104.7. Damage prevention fund.

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9-1.5-104.7. Damage prevention fund. (1) The damage prevention fund, referred to in this section as the “fund”, is hereby created in the state treasury. The fund consists of:

(a) All receipts from money directed by law to be deposited to the fund;

(b) All fines collected pursuant to section 9-1.5-104.4; and

(c) Any other money that the general assembly may appropriate or transfer to the fund.

(2) The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund.

(3) Only the safety commission may authorize expenditures from the fund. Subject to annual appropriation by the general assembly, the safety commission may use money deposited in the fund only to:

(a) Develop and disseminate educational programming designed to improve worker and public safety relating to excavation and underground facilities; and

(b) Provide grants to persons who have developed educational programming that the notification association and the safety commission deem appropriate for improving worker and public safety relating to excavation and underground facilities.

Source: L. 2018: Entire section added, (SB 18-167), ch. 256, p. 1568, ยง 3, effective August 8.

Editor’s note: Section 12 of chapter 256 (SB 18-167), Session Laws of Colorado 2018, provides that the act adding this section applies to conduct occurring on or after August 8, 2018.

 

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