C.R.S. Section 35-75-104
Colorado agricultural development authority

  • creation
  • membership

(1)

There is hereby created an independent public body politic and corporate to be known as the Colorado agricultural development authority. Said authority is constituted a public instrumentality, and its exercise of the powers conferred by this article shall be deemed and held to be the performance of an essential public function. The authority shall be a body corporate and a political subdivision of the state and shall not be an agency of state government and shall not be subject to administrative direction by any department, commission, board, or agency of the state.

(2)

Intentionally left blank —Ed.

(a)

The governing body of the authority is a board of directors, which consists of seven members, who are appointed as follows:

(I)

One shall be appointed by the governor, with the consent of the senate;

(II)

Three shall be appointed by the president of the senate; and

(III)

Three shall be appointed by the speaker of the house of representatives.

(b)

Such members must be residents of the state, must have a knowledge of agricultural activity in the state, and must represent the various agriculture operations and geographical regions of the state. No more than four of the appointed members may be affiliated with the same political party.

(c)

Members shall be appointed for a term of four years; except that the terms shall be staggered so that no more than four members’ terms expire in the same year. Each member shall serve until the member’s successor has been appointed. Any member shall be eligible for reappointment. The person making the original appointment shall fill any vacancy by appointment for the remainder of an unexpired term.

(d)

The commissioner of agriculture shall be an ex officio, nonvoting member of the board.

(e)

Any appointed member of the board may be removed by the person making the appointment for misfeasance, malfeasance, willful neglect of duty, or other cause.

Source: Section 35-75-104 — Colorado agricultural development authority - creation - membership, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-35.­pdf (accessed Oct. 20, 2023).

35‑75‑101
Short title
35‑75‑102
Legislative declaration
35‑75‑103
Definitions
35‑75‑104
Colorado agricultural development authority - creation - membership
35‑75‑105
Organization meeting - chairman - personnel - surety bond - conflict of interest
35‑75‑106
Meetings of board - quorum - expenses
35‑75‑107
General powers and duties of authority
35‑75‑108
Authority - loans to or made by lenders
35‑75‑109
Authority - rules and regulations
35‑75‑110
Notes
35‑75‑111
Bonds
35‑75‑111.5
Issuance of bonds to construct renewable energy generation facilities and electric transmission lines - renewable energy cooperatives
35‑75‑112
Negotiability of bonds
35‑75‑113
Security for bonds and notes
35‑75‑114
Personal liability
35‑75‑115
Purchase
35‑75‑116
Payment of bonds - nonliability of state
35‑75‑117
Exemption from taxation - securities law
35‑75‑118
Fees
35‑75‑119
Investment powers of authority
35‑75‑120
Proceeds as trust funds
35‑75‑121
Agreement of the state not to limit or alter rights of obligees
35‑75‑122
Enforcement of rights of bondholders
35‑75‑123
Bonds eligible for investment
35‑75‑124
Account of activities - receipts for expenditures - report - audit
35‑75‑125
Federal social security act
35‑75‑126
Powers of authority not restricted
35‑75‑201
Legislative declaration - purpose of part
35‑75‑202
Definitions
35‑75‑203
Colorado agricultural value-added development board - creation - members
35‑75‑204
Duties of board - agriculture value-added grants, loans and loan guarantees, and equity investments
35‑75‑205
Grants, loans and loan guarantees, and equity investments - agriculture value-added cash fund - created - report - definition
Green check means up to date. Up to date

Current through Fall 2024

§ 35-75-104’s source at colorado​.gov