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The Funds Management Act of 1986 (the Funds Management Act), being Title 24, Article 75, Part 9, Colorado Revised Statutes, as amended (C.R.S.), authorizes the State Treasurer to issue and sell notes from time to time payable from the anticipated revenues of any one or more funds or groups of accounts to which State moneys are credited in order to accomplish any of the purposes of such Act, including the alleviation of cash flow shortfalls in any such fund or group of accounts.
The Funds Management Act provides a means of compensating for the fluctuations in revenues and expenditures that occur in the States General Fund, which is the States principal operating fund, during the Fiscal Year (July 1-June 30), and result in temporary cash flow shortfalls in the General Fund.
