NOTE: The governor signed this measure on 5/29/2015.
      
      
      SENATE BILL 15-102
      
      
      BY SENATOR(S) Holbert, Johnston, Kerr;
      also REPRESENTATIVE(S) Lee, Kraft-Tharp, Pettersen.
      
      
      Concerning the continuation of the securities board, and, in
           connection therewith, implementing the recommendations
           of the 2014 sunset report by the department of regulatory
           agencies.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 24-34-104, repeal (46)
      (b); and add (57) as follows:
      
           24-34-104.  General assembly review of regulatory agencies and
      functions for termination, continuation, or reestablishment. (46)  The
      following agencies, functions, or both shall terminate on July 1, 2015:
      
           (b)  The securities board, created in section 11-51-702.5, C.R.S.;
      
           (57)  The following agencies, functions, or both terminate
      on September 1, 2026:
      
           (c)  The securities board, created in section 11-51-702.5,
      C.R.S.
      
           SECTION 2.  In Colorado Revised Statutes, 11-51-702.5, amend
      (2) (b), (2) (f), and (7) (a) as follows:
      
           11-51-702.5.  Securities board - creation - duties - repeal.
      (2) (b)  The members shall serve terms of three years with each term ending
      on July 1 of the year in which such the term expires. except that initial
      appointments shall begin January 1, 1995, and one of the members initially
      appointed pursuant to paragraph (a) and one of the members initially
      appointed pursuant to paragraph (c) of subsection (1) of this section shall
      serve until July 1, 2000, the member initially appointed pursuant to
      paragraph (b) of subsection (1) of this section shall serve until July 1, 2001,
      and the other members initially appointed shall serve until July 1, 1999.
      
           (f)  On and after July 1, 2004, Members of the board shall not serve
      no more than two consecutive terms on the board.
      
           (7) (a)  This section is repealed, effective July 1, 2015 September
      1, 2026.
      
           SECTION 3.  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.
      
      
      
      
      ____________________________  ____________________________
      Bill L. Cadman                Dickey Lee Hullinghorst
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO