Section 16-13-504.5 - Limitations on receipt of forfeiture payments from federal agencies(1) A seizing agency or participant in any joint task force or other multijurisdictional collaboration shall accept payment or distribution from a federal agency of all or a portion of any forfeiture proceeds resulting from adoption or a joint task force or other multijurisdictional collaboration only if the aggregate net equity value of the property and currency seized in a case is in excess of fifty thousand dollars and a forfeiture proceeding is commenced by the federal government and relates to a filed criminal case.(2) Subsection (1) of this section shall not be construed to restrict seizing agencies from collaborating with a federal agency to seize property that the seizing agency has probable cause to believe is the proceeds or instruments of a crime through an intergovernmental joint task force.Added by 2017 Ch. 403,§ 3, eff. 8/9/2017.L. 2017: Entire section added, (HB 17-1313), ch. 403, p. 2106, § 3, effective August 9.