# C.R.S. § 23-3.3-1306: 23-3.3-1306. Fourth-year innovation pilot program fund - creation - reversion

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T23_A3.3_P13_S23-3.3-1306

## Section

- **Citation:** C.R.S. § 23-3.3-1306
- **Heading:** 23-3.3-1306. Fourth-year innovation pilot program fund - creation - reversion
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 23 / Article 3.3 / Part 13 / Section 23-3.3-1306

## Text

23-3.3-1306. Fourth-year innovation pilot program fund - creation - reversion. (1) There is created in the state treasury the fourth-year innovation pilot program fund. The fund consists of money appropriated or transferred to the fund by the general assembly on behalf of eligible graduates.

(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 department shall notify the state treasurer of the amount of any forfeited state funding for eligible graduates remaining in the fund at the end of the fiscal year. The state treasurer shall transfer the amount of any forfeited state funding remaining in the fund at the end of a fiscal year to the general fund. Other than forfeited state funding transferred to the general fund pursuant to this subsection (3), money in the fund at the end of the fiscal year remains in the fund and is not transferred to the general fund until the repeal of this part 13 pursuant to section 23-3.3-1307.

(4) Money in the fund is continuously appropriated to the department for disbursements of state funding on behalf of eligible graduates.

## Nearby sections

- [C.R.S. § 23-3.3-1301 23-3.3-1301. Legislative declaration](https://www.frixlaw.com/law-library/statutes/STATE_CO_T23_A3.3_P13_S23-3.3-1301.md)
- [C.R.S. § 23-3.3-1302 23-3.3-1302. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T23_A3.3_P13_S23-3.3-1302.md)
- [C.R.S. § 23-3.3-1303 23-3.3-1303. Fourth-year innovation pilot program - creation - eligibility - award of state f](https://www.frixlaw.com/law-library/statutes/STATE_CO_T23_A3.3_P13_S23-3.3-1303.md)
- [C.R.S. § 23-3.3-1304 23-3.3-1304. Receipt and use of state funding](https://www.frixlaw.com/law-library/statutes/STATE_CO_T23_A3.3_P13_S23-3.3-1304.md)
- [C.R.S. § 23-3.3-1305 23-3.3-1305. Reporting requirements](https://www.frixlaw.com/law-library/statutes/STATE_CO_T23_A3.3_P13_S23-3.3-1305.md)
- [C.R.S. § 23-3.3-1306 23-3.3-1306. Fourth-year innovation pilot program fund - creation - reversion](https://www.frixlaw.com/law-library/statutes/STATE_CO_T23_A3.3_P13_S23-3.3-1306.md)
- [C.R.S. § 23-3.3-1307 23-3.3-1307. Repeal of part](https://www.frixlaw.com/law-library/statutes/STATE_CO_T23_A3.3_P13_S23-3.3-1307.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T23_A3.3_P13_S23-3.3-1306. Check the current official text before relying on it. Not legal advice.