NOTE:  This bill has been prepared for the signature of the appropriate legislative
officers and the Governor.  To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
      history, or the Session Laws.
      
      
      SENATE BILL 09-124
      
      
      BY SENATOR(S) Isgar, Gibbs, Hodge, Kester, Kopp, Penry, Schwartz,
      Shaffer B., Tapia, White;
      also REPRESENTATIVE(S) Roberts, Baumgardner, Curry, Fischer,
      Hullinghorst, Kerr J., Massey, Ryden, Todd, Vigil, Waller.
      
      
      Concerning additional funding for agricultural energy-related
           projects through the agriculture value-added cash fund.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  35-75-205 (1.5), Colorado Revised Statutes, is
      amended to read:
      
           35-75-205.  Tax credits, grants, loans and loan guarantees, and
      equity investments - agriculture value-added cash fund - created -
      repeal.  (1.5) (a)  For the state fiscal year commencing on July 1, 2006, and
      In each of the state fiscal years commencing on July 1, 2007, and July 1,
      2008 2009-10 through 2011-12, the general assembly shall appropriate
      five hundred thousand dollars, or so much thereof as has been transferred
      pursuant to section 39-29-109.3 (2) (h), C.R.S., from the agriculture
      value-added cash fund to the department, of agriculture, for allocation to the
      board to promote the feasibility and development of agricultural
      energy-related projects. and research.
      
           (b)  This subsection (1.5) is repealed, effective July 1, 2009 2012.
      
           SECTION 2.  39-29-109.3 (2) (h), Colorado Revised Statutes, is
      amended to read:
      
           39-29-109.3.  Operational account of the severance tax trust fund
      - repeal.  (2)  Subject to the requirements of subsections (3) and (4) of this
      section, if the general assembly chooses not to spend up to one hundred
      percent of the moneys in the operational account as specified in subsection
      (1) of this section, the state treasurer shall transfer the following:
      
           (h) (I)  To the agriculture value-added cash fund created in section
      35-75-205 (1), C.R.S., to promote agricultural energy-related projects and
      research, for the state fiscal year commencing July 1, 2008, through the
      state fiscal year commencing July 1, 2011, five hundred thousand
      dollars.
      
           (II)  This paragraph (h) is repealed, effective July 1, 2010 2013.
      
           SECTION 3.  Effective date.  This act shall take effect July 1, 2009.
      
           SECTION 4.  Safety clause.  The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ____________________________  ____________________________
      Peter C. Groff                    Terrance D. Carroll
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Karen Goldman                          Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    Bill Ritter, Jr.
                                    GOVERNOR OF THE STATE OF COLORADO