§ 35-1.2-101. Short Title
The short title of this article 1.2 is the “Colorado Agricultural Future Loan Program Act”. Source: L. 2021: Entire article added, (SB 21-248), ch. 374, p. 2471, § 1, effective June 29.
§ 35-1.2-102. Definitions – Repeal
As used in this article 1.2, unless the context otherwise requires: “Agricultural processing” means the transforming, packaging, sorting, storage, or grading of Colorado livestock, livestock products, agricultural commodities, plants, or plant products. “Agriculture” has the same meaning as set forth in section 35-1-102 (1). “Commissioner” means the commissioner of agriculture. “Department” means the department of […]
§ 35-1.2-103. Colorado Agricultural Future Loan Program – Created – Application – Criteria – Awards – Rules – Repeal
There is hereby created in the department the Colorado agricultural future loan program to provide loans as described in this section. The department shall administer the loan program. Nothing in this article 1.2 may be construed as permitting the department to engage in any direct lending activities. Beginning on or before January 1, 2022, and […]
§ 35-1.2-104. Report
Notwithstanding section 24-1-136 (11)(a)(I), on or before December 15, 2021, and on or before December 15 each year thereafter, the department shall submit a summarized report to the agriculture and natural resources committee of the senate and the agriculture, livestock, and water committee of the house of representatives, or any successor committees, concerning the loan […]
§ 35-1.2-105. Colorado Agricultural Future Loan Program Cash Fund – Created
The Colorado agricultural future loan program cash fund is hereby created in the state treasury. The fund consists of: Money credited to the fund pursuant to section 35-1.2-106; Money received as loan payments on loans issued from the loan program, including interest; and Any other money that the general assembly may appropriate or transfer to […]
§ 35-1.2-106. Funding for Loan Program – Repeal
Within three days after June 29, 2021, the state treasurer shall transfer thirty million dollars from the general fund to the fund for the implementation and administration of the loan program. The department may use up to one and one-half percent of the money transferred pursuant to subsection (1) of this section to set up […]