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Legislative Year: 2023 Change
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Bill Detail: SB23-050

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Title Eligibility For Agricultural Future Loan Program
Status Governor Signed (03/22/2023)
Bill Subjects
  • Agriculture
House Sponsors R. Holtorf (R)
K. McCormick (D)
Senate Sponsors D. Roberts (D)
C. Simpson (R)
House Committee Agriculture, Water and Natural Resources
Senate Committee Agriculture and Natural Resources
Date Introduced 01/17/2023
Summary

The bill changes the definitions of eligible business and eligible
farmer or rancher under the Colorado agricultural future loan program
to specify that:
  • Eligible businesses include entities that are currently in
operation and ones that will be in operation;
  • Eligible businesses and eligible uses for the loan include
businesses that conduct agricultural processing or ones that
develop or manufacture technology designed to benefit
farmers and ranchers; and
  • Eligible farmers and ranchers include farmers and ranchers
that currently own or operate or will own or operate a farm
or ranch.
The bill removes the repeal of the loan program.

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