First Regular Session
               Seventieth General Assembly
                    STATE OF COLORADO
                                                 INTRODUCED
                                                           
                                                           
 LLS NO. 15-0314.01 Bart Miller x2173    HOUSE BILL 15-1096
                    HOUSE SPONSORSHIP
 Roupe, 
 
                   SENATE SPONSORSHIP
 (None),
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 House Committees
 Senate Committees
 
 
 Business Affairs & Labor
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                         A BILL FOR AN ACT
       Concerning a general definition of the term "small business"
            to apply in situations without a more specific
            definition.
       
       
                           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 general definition of the term "small business"
       for purposes of Colorado law to apply in situations where a more specific
       definition does not exist in the statutes. The definition of "small business"
       created by the bill would not apply to any situation involving a state
       program where it is necessary for a state entity to use a different
       definition of small business or to apply different standards to the criteria
       governing eligibility for assistance to businesses resulting from conditions
       on the use of public or private moneys.
       
       
       
       Be it enacted by the General Assembly of the State of Colorado:
            SECTION 1.  In Colorado Revised Statutes, 2-4-401, add (13.8)
       as follows:
            2-4-401.  Definitions. The following definitions apply to every
       statute, unless the context otherwise requires:
            (13.8)  "Small business" means, unless otherwise
       specifically provided, a business with fewer than fifty employees
       and five million dollars or less in annual gross revenue. This
       definition does not apply in any situation involving a state
       program where it is necessary for a state entity to use a
       different definition of "small business" or to apply different
       standards to the criteria governing eligibility for assistance to
       businesses resulting from conditions on the use of public or
       private moneys.
            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
       5, 2015, if adjournment sine die is on May 6, 2015); 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 2016 and, in such case, will take effect on the date of the
       official declaration of the vote thereon by the governor.