Teacher development fund - creation

22-7-708. Teacher development fund - creation. There is hereby created in the state treasury the teacher development fund referred to in this section as the fund, for payment of teacher development grants awarded pursuant to section 22-7-704. The fund shall consist of such moneys as may be appropriated thereto by the general assembly and such moneys as may be credited thereto pursuant to section 22-7-704 (4). Moneys in the fund shall be subject to annual appropriation by the general assembly for the purposes specified in this part 7. The department may expend up to three percent of the moneys annually appropriated to the fund to offset the documented costs incurred in implementing the grant program. All interest derived from the deposit and investment of moneys in the fund shall be credited to the fund. At the end of any fiscal year, all unexpended and unencumbered moneys in the fund shall remain therein and shall not be credited or transferred to the general fund or any other fund. Source: L. 2000: Entire part added, p. 1979, � 1, effective June 2. L. 2003: Entire section amended, p. 456, � 10, effective March 5. L. 2011: Entire section amended, (SB 11-218), ch. 151, p. 526, � 3, effective May 5. L. 2015: Entire section amended, (SB 15-264), ch. 259, p. 953, � 46, effective August 5. PART 8 SUMMER SCHOOL GRANT PROGRAM Editor's note: (1) This part 8 was repealed in 2003 and was subsequently recreated and reenacted in 2006, resulting in the addition, relocation, and elimination of sections as well as subject matter. For amendments to this part 8 prior to 2003, consult the Colorado statutory research explanatory note and the table itemizing the replacement volumes and supplements to the original volume of C.R.S. 1973 beginning on page vii in the front of this volume. (2) Prior to the recreation and reenactment of this part 8, section 22-7-806 provided for the repeal of this part 8, effective April 4, 2003. (See L. 2003, p. 515.)