44-1-504. (Temporary) Special revenue account to partially fund highway patrol officers' salaries.
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44-1-504 . (Temporary) Special revenue account to partially fund highway patrol officers' salaries.
(1)There is an account in the state special revenue fund provided for in 17-2-102 .
(2)The money in the account is for the department of justice to fund, pursuant to 2-18-303 (5):
(a)the base salary and associated operating costs for highway patrol officer positions; and
(b)biennial salary increases for highway patrol officers.
(a)By August 15, 2021, the state treasurer shall transfer $4 million from the account to the highway patrol officers' retirement pension trust fund.
(b)By August 15, 2022, the state treasurer shall transfer $2 million from the account to the highway patrol officers' retirement pension trust fund.
(4)Starting July 1, 2023, and in each fiscal year thereafter, the state treasurer shall transfer $500,000 from the account to the highway patrol officers' retirement pension trust fund by August 15. (Terminates on occurrence of contingency--sec. 3, Ch. 472, L. 2021.)