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§ 22-98-104. Retaining teachers fund - created

CO Rev Stat § 22-98-104 (2018) (N/A)
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(1) The retaining teachers fund is hereby created in the state treasury. The fund consists of 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) The money in the fund is continuously appropriated to the department to implement the grant program. In each budget year, the department may use up to two percent of the amount appropriated to the fund for the direct costs incurred in implementing the grant program, including any costs incurred in providing technical support to local education providers as provided in section 22-98-103 (3)(b).

(4) The state treasurer shall transfer all unexpended and unencumbered money in the fund on July 1, 2022, to the general fund.

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