C.R.S. § 24-38.5-120

(1) As used in this section, unless the context otherwise requires: (a) “Decarbonization tax credits” means the credits created in sections 39-22-516.7 , 39-22-516.8 , 39-22-551 , 39-22-552 , 39-22-553 , 39-22-554 , 39-22-555 , and 39-22-556 . (b) “Department” means the department of revenue. (c) “Fund” means the decarbonization tax credits administration cash fund created in subsection (2) of this section. (d) “Office” means the Colorado energy office. (2) The decarbonization tax credits administration cash fund is hereby created in the state treasury. The fund consists of money credited to the fund pursuant to section 39-29-108 (2)(e)(I) and any other money that the general assembly may appropriate or transfer to the fund. (3) Subject to annual appropriation by the general assembly, for state fiscal years 2023-24 through 2034-35, the office and the department may expend money from the fund for direct and indirect costs associated with the implementation and administration of the decarbonization tax credits. (4) The state treasurer shall transfer all unexpended and unencumbered money in the fund on June 30, 2024, June 30, 2025, and June 30, 2026, to the general fund; except that the balance of money remaining in the fund not including expended and encumbered money shall not be less than one hundred thousand dollars. (5) Notwithstanding subsection (4) of this section, on July 1, 2036, the state treasurer shall transfer all money in the fund to the general fund. (6) This section is repealed, effective December 31, 2036.