Second Regular Session
              Sixty-eighth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 12-0738.01 Bart Miller x2173    HOUSE BILL 12-1284
                    HOUSE SPONSORSHIP
 Wilson, 
 
                   SENATE SPONSORSHIP
 Heath, 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 Economic and Business Development
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning the creation of a legislative interim committee
            to study small business financing in Colorado.
       
       
                           Bill Summary
       
            (Note: This summary applies to this bill as introduced and does
       not reflect any amendments that may be subsequently adopted. If this bill
       passes third reading in the house of introduction, a bill summary that
       applies to the reengrossed version of this bill will be available at
       http://www.leg.state.co.us/billsummaries.)
       
            The bill creates a legislative interim committee to study, during the
       2012 interim, issues related to small business financing in Colorado. The
       bill specifically requires the interim committee to meet with small
       business lenders and principals of small businesses to determine whether
       there is an unfilled need for capital and loans that discourages business
       expansion in Colorado. The bill also tasks the interim committee with
       assessing whether changes could be made in Colorado laws affecting
       small business financing to better enable the formation of business
       capital.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, add 2-2-326 as
       follows:
            2-2-326.  Legislative interim committee to address issues
       related to small business financing in Colorado - creation - members
       - study - report - repeal. (1)  There is hereby created a legislative
       interim committee to meet during the 2012 interim and study
       issues related to small business financing in Colorado as set
       forth in subsection (3) of this section.
            (2)  The members of the interim committee consist of:
            (a)  Three members of the senate, with two appointed by the
       president of the senate and one appointed by the minority leader
       of the senate; and
            (b)  Three members of the house of representatives, with
       two appointed by the speaker of the house of representatives
       and one appointed by the minority leader of the house of
       representatives.
            (3)  The interim committee shall study, make
       recommendations, and report findings on all matters relating
       to small business financing in the state of Colorado, including:
            (a)  Meeting with small business lenders and principals of
       small businesses to determine whether there is an unfilled need
       for capital and loans that discourages business expansion in
       Colorado; and
            (b)  Identifying potential changes that can be made in
       Colorado laws affecting small business financing to better
       enable the formation of capital.
            (4)  The staff of the legislative council and the office of
       legislative legal services shall assist the interim committee in
       its activities.
            (5)  Members of the interim committee may receive
       reimbursement for necessary expenses incurred in the
       performance of their duties and the same per diem compensation
       as provided by law for members of interim legislative
       committees for each day of attendance.
            (6)  The interim committee is subject to section 2-3-303.3
       with respect to the conduct of additional interim studies.
            (7)  This section is repealed, effective July 1, 2013.
            SECTION 2.  Act subject to petition - effective date. This act
       takes effect at 12:01 a.m. on the day following the expiration of the
       ninety-day period after final adjournment of the general assembly (August
       8, 2012, if adjournment sine die is on May 9, 2012); except that, if a
       referendum petition is filed pursuant to section 1 (3) of article V of the
       state constitution against this act or an item, section, or part of this act
       within such period, then the act, item, section, or part will not take effect
       unless approved by the people at the general election to be held in
       November 2012 and, in such case, will take effect on the date of the
       official declaration of the vote thereon by the governor.