NOTE:  This bill has been prepared for the signature of the appropriate legislative
officers and the Governor.  To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
      history, or the Session Laws.
      
      
      SENATE BILL 10-018
      
      
      BY SENATOR(S) King K., Johnston, Sandoval;
      also REPRESENTATIVE(S) Merrifield, Massey, Middleton, Scanlan,
      Apuan, Fischer, McNulty, Pace, Summers, Todd.
      
      
      Concerning the school awards program fund.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  22-11-601 (2), Colorado Revised Statutes, is amended
      to read:
      
           22-11-601.  Colorado school awards program - created - rules. 
      (2)  In addition to the monetary awards made and distributed pursuant to
      sections 22-11-602, 22-11-603, 22-11-603.5, and 22-11-605, the state board
      may annually apply any amount remaining from the amount annually
      appropriated for implementation of section 22-11-202 moneys from the
      school awards program fund created in section 22-11-605 to provide
      tangible items of recognition, such as banners or trophies, to schools that
      receive are identified as eligible to receive the John Irwin schools of
      excellence awards, and the governor's distinguished improvement awards,
      and the centers of excellence awards.
      
           SECTION 2.  22-11-605 (1) and (2), Colorado Revised Statutes, are
      amended to read:
      
           22-11-605.  School awards program fund - creation -
      contributions.  (1)  The department is hereby authorized to receive gifts,
      grants, and donations from any source, public or private, to fund financial
      awards to public schools pursuant to the program established in this part 6. 
      The department is further authorized to receive gifts, grants, and
      donations from any source, public or private, to fund tangible
      items of recognition, such as banners or trophies, to be awarded
      to public schools that are identified as eligible to receive such
      financial awards.  The department shall transmit all public and private
      gifts, grants, and donations received pursuant to this section to the state
      treasurer who shall credit the same, in addition to any appropriations made
      by the general assembly and the amount transferred pursuant to subsection
      (3) of this section, to the school awards program fund, which is hereby
      created in the state treasury and referred to in this section as the "fund".
      
           (2)  Moneys in the fund shall be subject to annual appropriation by
      the general assembly to the department for purposes of making financial
      awards and funding tangible items of recognition, such as banners
      or trophies, pursuant to the provisions of this part 6.  At the end of any
      fiscal year, all unexpended and unencumbered moneys in the fund shall
      remain in the fund and shall not be credited or transferred to the general
      fund or any other fund.  However, in accordance with section 24-36-114,
      C.R.S., all interest derived from the deposit and investment of moneys in
      the fund shall be credited to the general fund.  Any moneys credited to the
      fund shall be used exclusively for awards and items of recognition and
      shall not be used to pay for the expenses of the department in administering
      the program established in this part 6.
      
           SECTION 3.  Safety clause.  The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ____________________________  ____________________________
      Brandon C. Shaffer                Terrance D. Carroll
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Karen Goldman                          Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    Bill Ritter, Jr.
                                    GOVERNOR OF THE STATE OF COLORADO