CO HB1079

Increases the gross proceeds limit for Colorado's limited offering registration procedure from one million dollars to five million dollars within any twelve-month period.

Applies only to issuers with their principal office and majority of full-time employees in Colorado that use at least 80 percent of net proceeds for in-state operations.

Takes effect August 6, 2014, unless a referendum petition is filed, in which case approval by voters in November 2014 is required.

Applies to securities issued under the limited offering registration procedure on or after the effective date.