C.R.S. § 24-30-2204.5

(1) The committee shall accept and review proposals to fund projects or programs, or both, that study or pilot new and innovative ideas that will lead to an improved quality of life or increased independence for persons with disabilities. Proposals may be accepted throughout the year, and grants or loans may be made by the committee at its regular meetings. The fund created in section 24-30-2205.5 shall be the sole source to fund any grants or loans made pursuant to this section. (2) To be eligible for funding pursuant to this section, a project or program must: (a) Demonstrate a capability to be self-sustaining or otherwise be able to develop long-term independent funding; (b) Have a governing body, board, or ownership that is composed of persons with a demonstrated commitment to improving the lives of persons with disabilities, the majority of whom are persons with disabilities, persons with immediate family members who are persons with disabilities, or persons who are caregivers to a family member who is a person with disabilities; and (c) In the case of a sole proprietorship, have an owner who is a person with a demonstrated commitment to improving the lives of persons with disabilities, who is a person with a disability, a person with an immediate family member who is a person with a disability, or a person who is a care giver to a family member who is a person with a disability.