The State Treasury Department has set an investment policy stressing, in order of importance, safety, liquidity, and yield as the key goals for all of the taxpayers' funds entrusted to him. The mission of the Investment Section is to provide investment programs that are safe, prudent, and appropriate for the public purpose of each fund, with rates of return consistently at or above performance benchmarks.
Cash Management Division
The Cash Management staff provides efficient management of state receipts and disbursements, ensures effective banking services to state departments, and offers cash management assistance to state departments and local governments.
Accounting and Administration Divisions
The mission of the Accounting Division is to provide quality financial services and information to the department, state agencies, citizens, and other entities through the commitment and involvement of knowledgeable and skilled employees.
School District Intercept Program
The School District Intercept Program (SDIP), C.R.S. 22-41-110, was first implemented in 1991. SDIP requires the State Treasurer to guarantee the timely payment of bonds issued by school districts. The program, as established, not only obliges the Treasurer to make any bond payments a school district fails to make, it also requires the Treasurer to withhold the entire amount of the bond payment from the district's equalization payments until the state is fully reimbursed. The program also makes it mandatory for all districts to participate. If a district receives equalization payments from the state, its bonds are automatically enrolled in the program.
Charter School Intercept and Moral Obligation Program
The Colorado State Treasurer has established the procedures necessary to implement a program to intercept monies, if sufficient, for the payment of debt service on charter school bonds (the "Charter Intercept Program") pursuant to Section 22-30.5-406 of the Colorado Revised Statutes (the "Charter Intercept Statute"). The Charter Intercept Statute was adopted by the Colorado Legislature to enhance the ability of State charter schools to obtain favorable financing terms on bonds issued on behalf of charter schools.
Interest-Free School Loan Program
Pursuant to C.R.S. 29-15-112 and 22-54-110, the State Treasurer is authorized to issue short term debt in order to make interest-free loans to participating Colorado school districts to alleviate temporary general fund cash flow deficits expected to be experienced by such participating districts during each fiscal year.
Senior and Veteran Property Tax Programs
In Colorado, senior citizens who are 65 years or older may defer or postpone the payments of their property taxes and special assessment on their residence. Their residence may be a single-family home, a townhouse, a condominium unit, or a mobile home.
CHFA Loan Program
The CHFA Bond Program supports two existing programs administered by the Colorado Housing and Finance Authority (CHFA): the Quality Investment Capital (QIC) Program and the Quality Agricultural Loan (QAL) Program. QIC and QAL provide loans to small businesses, farms, and ranches within the State of Colorado. CHFA operates these programs in coordination with the U.S. Small Business Administration and the U.S. Rural Business Cooperative Service.