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CO HB1334
Bill
Status
5/24/2012
Primary Sponsor
Mary Hodge
Click for details
AI Summary
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Extends severance tax funding for agricultural energy-related projects from fiscal years 2009-10 through 2016-17, with $500,000 annually appropriated from the agriculture value-added cash fund to the Department of Agriculture.
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Delays the repeal of this funding program from July 1, 2012 to July 1, 2017.
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Modifies Colorado Revised Statutes Section 39-29-109.3 to extend transfers from the severance tax trust fund's operational account through fiscal year 2016 instead of 2011.
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Appropriates $500,000 from the agriculture value-added cash fund to the Department of Agriculture for fiscal year beginning July 1, 2012, for implementation of the act.
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Takes effect July 1, 2012 and includes a safety clause declaring the act necessary for immediate preservation of public peace, health, and safety.
Legislative Description
Severence Tax Funding Agricultural Energy Projects
Last Action
Governor Action - Signed
5/24/2012