C.R.S. Section 24-36-203
Definitions

As used in this part 2, unless the context otherwise requires:

(1)

“Colorado credit reserve” means the Colorado credit reserve program described in section 24-46-104 (1)(n).

(2)

“Contract” means a contract entered into by the state treasurer in accordance with section 24-36-205 (1).

(3)

“Department” means the department of the treasury.

(4)

“Eligible borrower” means a business that, as determined by the oversight board:

(a)

Has its principal place of business in the state;

(b)

Has at least one but fewer than one hundred employees;

(c)

Can demonstrate that it had at least one year of positive cash flow as determined by the oversight board; and

(d)

Can demonstrate that it has a current debt-service coverage ratio of at least one-to-one or a higher level as determined by the oversight board.

(5)

“Loan program” means a small business recovery loan program established in accordance with section 24-36-205.

(6)

“Loan program manager” means an entity the state treasurer contracts with to establish and administer the loan program in accordance with section 24-36-205 (2).

(7)

“Office of economic development” means the Colorado office of economic development created in section 24-48.5-101.

(8)

“Oversight board” means the small business recovery loan program oversight board created in section 24-36-204.

(9)

“Premium tax liability” means the liability imposed by section 10-3-209 or 10-6-128, or, in the case of a repeal or reduction by the state of the liability imposed by section 10-3-209 or 10-6-128, any other tax liability imposed upon an insurance company by the state.

(10)

“Qualified taxpayer” means an insurance company authorized to do business in Colorado that has premium tax liability owing to the state and that purchases a tax credit under this part 2. “Qualified taxpayer” also includes an insurance company that receives or assumes a tax credit transferred in accordance with section 24-36-206 (7)(e) or 24-36-207 (6), or that receives or assumes a tax credit as an affiliate of a qualified taxpayer or transferee. For purposes of this subsection (10), “affiliate” has the same meaning as set forth in section 10-3-801 (1).

(11)

“Small business recovery fund” or “fund” means the small business recovery fund established in section 24-36-208.

(12)

“Small business recovery tax credit” or “tax credit” means the tax credit created in section 24-36-206.

(13)

“Tax credit sale proceeds” or “sale proceeds” means the money or other liquid asset acceptable to the state treasurer that a qualified taxpayer pays to the department that is deposited in the small business recovery fund.

Source: Section 24-36-203 — Definitions, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24‑36‑101
State treasurer head of department 24‑36‑102
Function of department - employees 24‑36‑103
All state moneys to be transmitted to department 24‑36‑104
Moneys to be deposited 24‑36‑105
Accounts to be kept - daily report 24‑36‑106
Record of warrants and checks - order of payment - paid warrants and checks - validation 24‑36‑107
Warrants or checks endorsed when not paid - exception 24‑36‑108
Notice of payment - when interest ceases 24‑36‑109
Time deposits 24‑36‑111
Authority to accept deposits 24‑36‑111.5
Authority to invest in real property owned by a school district 24‑36‑112
Deposits in savings and loan associations 24‑36‑113
Investment of state money - limitations 24‑36‑114
How interest earnings credited - management fee 24‑36‑115
Moneys not immediately creditable - special purpose moneys 24‑36‑116
Moneys paid under protest - disposition 24‑36‑117
Governor may make examination 24‑36‑118
Applications for licenses - authority to suspend licenses - rules 24‑36‑120
Authority to assess transaction fees 24‑36‑121
Authority to manage state public financing - state public financing cash fund - rules - legislative declaration - definitions 24‑36‑121.5
Use of security tokens for state capital financing - feasibility study - authorization of use - legislative declaration - definitions 24‑36‑122
Law enforcement officers and firefighters - work-related death - continuation of medical benefits for dependants - cash fund - created - definitions 24‑36‑123
Rent reporting for credit pilot program - Colorado housing and finance authority - appropriations - repeal 24‑36‑201
Short title 24‑36‑202
Legislative declaration 24‑36‑203
Definitions 24‑36‑204
Small business recovery loan program oversight board - creation - report - repeal 24‑36‑205
Small business recovery loan program - creation - requirements - oversight 24‑36‑206
Small business recovery tax credits - authorization to issue - terms - report 24‑36‑207
Use of small business recovery tax credits - carry over 24‑36‑208
Small business recovery fund - repeal 24‑36‑209
Office of economic development 24‑36‑210
Repeal of part 24‑36‑301
Short title 24‑36‑302
Legislative declaration 24‑36‑303
Definitions 24‑36‑304
Colorado household financial recovery pilot program - created - selection of administrators - grants 24‑36‑305
Report 24‑36‑306
Colorado household financial recovery pilot program fund - created - transfer - gifts, grants, and donations authorized
Green check means up to date. Up to date

Current through Fall 2024

§ 24-36-203’s source at colorado​.gov