§ 24-46-308. Annual Report – Audit
Within ninety days of the end of the first full state fiscal year after the commission approves a regional tourism project and on the same date each year thereafter, the financing entity shall prepare and submit to the commission an annual report detailing the total amount of state sales tax increment revenue that the regional […]
§ 24-46-309. Commencement of Development
Substantial work on a regional tourism project, including but not limited to the financing entity’s issuance of bonds or other debt instruments, the repayment of which is secured by a pledge of the state sales tax increment revenue or the commencement of actual development or predevelopment, such as erecting permanent structures, excavating the ground to […]
§ 24-46-310. Issuance of Bonds by a Financing Entity
A financing entity may issue bonds from time to time in its discretion to finance any eligible improvements with respect to a regional tourism project and may also issue refunding or other bonds of the financing entity from time to time in its discretion for the payment, retirement, renewal, or extension of any bonds previously […]
§ 24-46-105.1. Reporting Requirement – New Jobs Created
Every private person or entity that receives a grant or loan from the commission pursuant to this article, awarded in part or in whole on the basis of the person’s or entity’s creation of full-time permanent new jobs with wage requirements shall file a progress report with the commission. The progress report shall include, but […]
§ 24-46-304. Regional Tourism Project – Application – Requirements
Any local government may apply for approval of a regional tourism project, including designation of a regional tourism zone, the creation of a regional tourism authority, and designation of a financing entity to receive, utilize, and disburse state sales tax increment revenue for eligible costs. (1.5) (a) Before a local government submits an application for […]
§ 24-46-105.3. Economic Development Incentives – Employers in Compliance With Federal Law – Legislative Declaration
The general assembly hereby finds and declares that the commission encourages, promotes, and stimulates economic development and employment in Colorado by awarding economic development incentives to employers in the form of grants, loans, and performance-based incentives. The general assembly further finds that it is in the best interest of the people of the state to […]
§ 24-46-305. Regional Tourism Project Approval – Director – Commission – Review
Upon receipt of a local government’s application for a regional tourism project, the director or the director’s designee shall review the application and shall make an initial determination regarding whether the application has met the criteria for a regional tourism project specified in section 24-46-304. Upon review of each application for completeness, the director shall […]
§ 24-46-105.5. Local Economic Development – Participation in Federal Programs
Any local government may participate in federal programs to develop new business, expand existing business, or promote economic development within its jurisdiction. Any local government participating in such programs may enter into contracts for the administration of such programs and expend moneys as required for participation in such programs. Source: L. 97: Entire section added, […]
§ 24-46-306. Regional Tourism Authority – Board – Creation – Powers and Duties
The commission shall not deny a request to authorize the creation of a regional tourism authority if the commission otherwise approves an application for a regional tourism project that includes a request for the formation of a regional tourism authority. A regional tourism authority, if authorized, shall be governed by a board consisting of the […]
§ 24-46-105.7. Performance-Based Incentive for New Job Creation – New Jobs Incentives Cash Fund
(Deleted by amendment, L . 2008, p. 943, § 1, effective August 5, 2008.) On or after January 1, 2006, but prior to January 1, 2011, any employer that satisfies the criteria that the commission has established for an employer to qualify for a grant or a loan from the commission pursuant to section 24-46-105 […]