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Legislative Year: 2023 Change

Bill Detail: SB23-259

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Title Extension Of Credit For Limited Gaming
Status Governor Vetoed (05/23/2023)
Bill Subjects
  • Financial Services & Commerce
  • Gaming, Lottery, Racing
House Sponsors M. Snyder (D)
R. Weinberg (R)
Senate Sponsors D. Roberts (D)
M. Baisley (R)
House Committee Finance
Senate Committee Business, Labor and Technology
Date Introduced 03/30/2023

The bill eliminates the prohibition on persons licensed by the
Colorado limited gaming act (act) from extending credit to another person
for participation in limited gaming if:
  • The licensee evaluates the person's credit and establishes
the person as credit-worthy;
  • The licensee does not have knowledge of a conviction of
the person for committing specified unlawful acts; and
  • The licensee determines that the person has no outstanding
child support debt or unpaid debt due to the state and does
not owe restitution from a Colorado criminal case.
Additionally, the bill specifies the documentation the licensee must
maintain for any extension of credit and requires the licensee to inform
every person to whom credit is extended, orally and in writing, that the
financial obligations created must be fully paid to the licensee within 150
The bill prohibits licensees from reducing their gaming tax burden
through deducting unpaid credit from their gross proceeds.
The bill allows licensees to pursue all remedies at law to recover
unpaid credit, as well as interest and reasonable recovery costs.
Additionally, the bill restricts licensees from settling or compromising the
amount to be repaid until specific conditions are met.
Finally, the bill outlines record-keeping requirements for licensees
that extend credit.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (08/07/2023) (most recent)  
Additional Bill Documents Bill Documents
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  • Past fiscal notes
  • Committee activity and documents
  • Bill History
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Votes House and Senate Votes
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