Colorado Legislative Council Staff
NO FISCAL IMPACT
February 12, 1999
Steve Tammeus (866-2756)
TITLE: CONCERNING THE OPERATIONS OF THE COLORADO STATE FAIR AUTHORITY, AND, IN CONNECTION THEREWITH, PERMANENTLY EXEMPTING THE AUTHORITY FROM THE REQUIREMENTS OF THE "PROCUREMENT CODE" AND CLARIFYING THE CIRCUMSTANCES IN WHICH THE BOARD OF COMMISSIONERS OF THE AUTHORITY MAY ACCEPT CONTRIBUTIONS FROM NONSTATE SOURCES.
Summary of Assessment
This bill clarifies the conditions under which the State Fair Authority may accept contributions from nonstate sources. The bill specifies that in any budget year that the authority would otherwise qualify as an enterprise, the board shall not accept any nonstate contributions that would cause the authority to exceed the limitation that the authority receive less than 10% of its revenue from state and local government grants. However, in the event the amount of revenue from state and local government sources exceeds 10% of total revenue, the authority is not prohibited from accepting contributions from nonstate sources.
The bill also permanently exempts the authority from the requirements of the State Procurement Code. The bill will become effective upon the signature of the Governor.
This bill and existing statutes governing the State Fair Authority do not define "nonstate". This fiscal note assumes "nonstate" includes, but is not limited to, local governments. This fiscal note also assumes state grants include capital construction and controlled maintenance moneys.
The authority, under current law, is exempt from the State Procurement Code. The continuation of an existing program or statutory provision does not affect base state revenue or expenditures.
The provisions of this bill will not affect state or local government revenue or expenditures. Therefore, the bill is assessed as having no fiscal impact.
Agriculture State Fair Authority