C.R.S. Section 24-46-104
Powers and duties of commission

  • repeal

(1)

The commission has the following powers and duties:

(a)

To adopt an annual budget;

(b)

To develop operating guidelines relating to the manner and forms of financial assistance such as loans, grants, and local match requirements to be provided for various types of projects;

(c)

To review the economic needs of the various geographical regions of Colorado;

(d)

To identify the types of businesses which need the most support in terms of economic development;

(e)

and (f)(Deleted by amendment, L. 91, p. 823, § 1, effective March 29, 1991.)(g) To make information and assistance available for businesses interested in relocating or expanding their operations in the state of Colorado;

(h)

To receive and expend donations or grants from the private sector;

(i)

To contract for those services, including personnel services, and materials required by the activities of the commission;

(j)

To review and recommend to the governor expenditures of moneys of the fund for economic incentives and marketing, as provided in section 24-46-105, for reimbursement for actual and necessary expenses of the commission, as authorized in section 24-46-103 (2), and for operational expenses of the commission;

(k)

To exercise any other powers or perform any other duties which are consistent with the purposes for which the commission was created and which are reasonably necessary for the fulfillment of the commission’s assigned responsibilities;

(l)

and (m) Repealed.

(n)

To contract with the Colorado housing and finance authority, created in part 7 of article 4 of title 29, for the operation of:

(I)

A Colorado credit reserve program for the purpose of increasing the availability of credit to small businesses in Colorado; and

(II)

Intentionally left blank —Ed.

(A)

A small business COVID-19 grant program established in section 24-48.5-126 (3).

(B)

This subsection (1)(n)(II) is repealed, effective September 1, 2024.

(o)

To oversee the Colorado office of film, television, and media loan guarantee program pursuant to section 24-48.5-115 and the performance-based incentive for film production in Colorado pursuant to section 24-48.5-116; and

(p)

To consult with the Colorado office of economic development pursuant to section 24-48.5-117.

(2)

The commission shall report to the general assembly no later than November 1 of each year regarding the work of the commission. The report shall include the information required to be collected by the commission pursuant to section 24-46-105.1.

Source: Section 24-46-104 — Powers and duties of commission - repeal, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-24.­pdf (accessed Oct. 20, 2023).

24‑46‑101
Legislative declaration
24‑46‑102
Colorado economic development commission - creation - membership - definition
24‑46‑103
Commission - organization - meetings
24‑46‑104
Powers and duties of commission - repeal
24‑46‑104.3
Transferable income tax credits for certain businesses located in the state - definitions
24‑46‑105
Colorado economic development fund - creation - report - repeal
24‑46‑105.1
Reporting requirement - new jobs created
24‑46‑105.3
Economic development incentives - employers in compliance with federal law - legislative declaration
24‑46‑105.5
Local economic development - participation in federal programs
24‑46‑105.7
Performance-based incentive for new job creation - new jobs incentives cash fund
24‑46‑105.8
Performance-based incentive for film production in Colorado - film incentives cash fund - definitions
24‑46‑106
Repeal of part
24‑46‑107
Temporary extension of carry-forward provisions - Colorado job growth incentive tax credit - enterprise zone tax credits - definitions - repeal
24‑46‑108
Refundable income tax credits for certain businesses located in the state - definitions - repeal
24‑46‑201
Definitions
24‑46‑202
Venture capital authority - board - staffing fund - bonds - enterprise fund - distribution of proceeds
24‑46‑203
Venture capital funds - managers - qualified investments - contract - distributions
24‑46‑204
Venture capital tax credits - contributions to authority - report
24‑46‑205
Administrative expenses
24‑46‑206
Office - report
24‑46‑207
Conflict of interest
24‑46‑301
Short title
24‑46‑302
Legislative declaration
24‑46‑303
Definitions
24‑46‑304
Regional tourism project - application - requirements
24‑46‑305
Regional tourism project approval - director - commission - review
24‑46‑306
Regional tourism authority - board - creation - powers and duties
24‑46‑307
State sales tax increment revenue
24‑46‑308
Annual report - audit
24‑46‑309
Commencement of development
24‑46‑310
Issuance of bonds by a financing entity
Green check means up to date. Up to date

Current through Fall 2024

§ 24-46-104’s source at colorado​.gov