C.R.S. § 22-55.5-103

The educator pay raise fund is created in the state treasury. The fund consists of money the general assembly may appropriate or transfer to the fund. The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the fund. Subject to annual appropriation by the general assembly, the department shall distribute money from the fund to assist school districts and charter schools to increase the salary paid to teachers and the hourly wage paid to nonlicensed employees.