NOTE: The governor signed this measure on 5/24/2012.
      
      
      HOUSE BILL 12-1334
      
      
      BY REPRESENTATIVE(S) Becker, Gerou, Levy, Coram, Fischer, Labuda,
      Nikkel, Pace, Vigil, Wilson;
      also SENATOR(S) Hodge, Lambert, Steadman, Roberts, Schwartz.
      
      
      Concerning the extension of severance tax funding for the
           promotion of agricultural energy-related projects, and, in
           connection therewith, making an appropriation.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 35-75-205, amend
      (1.5) as follows:
      
           35-75-205.  Grants, loans and loan guarantees, and equity
      investments - agriculture value-added cash fund - created - repeal.
      (1.5) (a)  In state fiscal years 2009-10 through 2011-12 2016-17, 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, for
      allocation to the board to promote the feasibility and development of
      agricultural energy-related projects.
      
           (b)  This subsection (1.5) is repealed, effective July 1, 2012 2017.
      
           SECTION 2.  In Colorado Revised Statutes, 39-29-109.3, amend
      (2) (h) as follows:
      
           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 2016, five hundred thousand
      dollars.
      
           (II)  This paragraph (h) is repealed, effective July 1, 2013 2018.
      
           SECTION 3.  Appropriation. In addition to any other
      appropriation, there is hereby appropriated, out of any moneys in the
      agriculture value-added cash fund, created in section 35-75-205 (1),
      Colorado Revised Statutes, not otherwise appropriated, to the department
      of agriculture for the fiscal year beginning July 1, 2012, the sum of
      $500,000, or so much thereof as may be necessary, related to the
      implementation of this act.
      
           SECTION 4.  Effective date. This act takes effect July 1, 2012.
      
           SECTION 5.  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.
      
      
      
      
      ________________________________________________________
      Frank McNulty                      Brandon C. Shaffer
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                      Cindi L. Markwell
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO