SENATE BILL 97225
BY SENATORS Lacy, Blickensderfer, Rizzuto, Ament, Bishop, Chlouber, Dennis, Norton, Thiebaut, and Wattenberg;
also REPRESENTATIVES Grampsas, Owen, Romero, and
Anderson.
CONCERNING AN EXTENSION OF THE PERIOD OF TIME IN
WHICH A LOAN MADE FOR THE CASH FLOW NEEDS OF THE STATE FAIR AUTHORITY
MUST BE LIQUIDATED.
Be it enacted by the General Assembly of the State
of Colorado:
SECTION 1. 3565401
(9.5), Colorado Revised Statutes, 1995 Repl. Vol., as amended
by Senate Bill 9751, enacted at the First Regular Session
of the Sixtyfirst General Assembly, is amended to read:
3565401. Colorado state
fair authority created powers and duties.
(9.5) In order to finance working capital and other
cash flow needs of the authority, the board may negotiate or contract
with any person, corporation, association, or company or the state
of Colorado through the state treasurer for a loan not to exceed
the difference between the anticipated revenues for the current
fiscal year for the Colorado state fair fund and the amount credited
to date to said state fair fund. In addition, the board may pledge
such revenues to retirement of a loan obtained pursuant to this
subsection (9.5). Such loan shall be liquidated no later than
April 7
JUNE 30, 1997, from moneys subsequently credited to the Colorado
state fair fund.
SECTION 2. No appropriation. The
general assembly has determined that this act can be implemented
within existing appropriations, and therefore no separate appropriation
of state moneys is necessary to carry out the purposes of this
act.
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.
____________________________ ____________________________
Tom Norton Charles E. Berry
PRESIDENT OF SPEAKER OF THE HOUSE
THE SENATE OF REPRESENTATIVES
____________________________ ____________________________
Joan M. Albi Judith M. Rodrigue
SECRETARY OF CHIEF CLERK OF THE HOUSE
THE SENATE OF REPRESENTATIVES
APPROVED________________________________________
_________________________________________
Roy Romer
GOVERNOR OF THE STATE OF COLORADO