SB 21-248 CO

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Became Law

The act creates the Colorado agricultural future loan program (loan program) in the department of agriculture (department) and requires the department to administer the loan program.Beginning on or before January 1, 2022, and until January 1, 2025, the department may distribute money from the Colorado agricultural future loan program cash fund (fund), which is also created in the act, to financial entities to award farm-to-market infrastructure loans to eligible applicants. The department is not permitted to engage in direct lending activities.Beginning on or before January 1, 2022, the department may award farm-to-market infrastructure grants to eligible applicants.In administering the loan program, the department, to the extent practicable, shall attempt to award:A total of at least $5 million but no more than $10 million in the form of farm-to-market infrastructure loans or farm-to-market infrastructure grants by June 30, 2022; and A total of at least $10 million but no more than $20 million in the form of low-interest loans to eligible applicants by December 31, 2022. In administering the loan program on and after January 1, 2023, to the extent practicable, the department shall prioritize the provision of loans to eligible farmers or ranchers who apply for loans from the loan program and who have owned or operated a farm or ranch for less than 10 years or represent a population that is underserved or underrepresented in Colorado agriculture.The commissioner of agriculture is required to promulgate rules to implement the loan program, and the department is required to submit an annual report to the general assembly concerning the loan program.The act requires the state treasurer to transfer $30 million from the general fund to the fund for use by the department to implement and administer the loan program. The money in the fund is continuously appropriated to the department to expend for the loan program.For the 2021-22 state fiscal year, the act appropriates $165,890 to the department of law, from reappropriated funds received by the department of agriculture in the fund, to provide legal services to the department of agriculture.(Note: This summary applies to this bill as enacted.)

• Kerry Donovan · primary
• Cleave Simpson Republican · primary
• Karen McCormick Democratic · primary
• Richard Holtorf · primary

1. Jun 29, 2021 Governor Signed · executive
2. Jun 15, 2021 Sent to the Governor · executive
3. Jun 15, 2021 Signed by the Speaker of the House · lower
4. Jun 15, 2021 Signed by the President of the Senate · upper
5. Jun 8, 2021 House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass · lower
6. Jun 8, 2021 Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass · upper
7. Jun 7, 2021 First Conference Committee Result was to Adopt Rerevised w/ Amendments · legislature
8. Jun 3, 2021 Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee · upper
9. Jun 3, 2021 House Third Reading Passed - No Amendments · lower
10. Jun 2, 2021 House Third Reading Laid Over Daily - No Amendments · lower
11. Jun 1, 2021 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
12. Jun 1, 2021 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
13. May 27, 2021 House Committee on Agriculture, Livestock, & Water Refer Amended to Appropriations · lower
14. May 19, 2021 Introduced In House - Assigned to Agriculture, Livestock, & Water · lower
15. May 19, 2021 Senate Third Reading Passed - No Amendments · upper
16. May 18, 2021 Senate Second Reading Passed with Amendments - Committee, Floor · upper
17. May 14, 2021 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole · upper
18. May 5, 2021 Senate Committee on Agriculture & Natural Resources Refer Amended to Appropriations · upper
19. Apr 21, 2021 Introduced In Senate - Assigned to Agriculture & Natural Resources · upper

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Signed Act (06/29/2021) · PDF
• Final Act (06/15/2021) · PDF
• Rerevised (06/03/2021) · PDF
• Revised (06/01/2021) · PDF
• Reengrossed (05/19/2021) · PDF
• Engrossed (05/18/2021) · PDF
• Introduced (04/21/2021) · PDF
• PA3 (06/01/2021) · PDF
• PA4 (06/01/2021) · PDF
• PA2 (05/14/2021) · PDF
• PA1 (05/06/2021) · PDF
• Committee Amendment · PDF