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CO HB1213
Bill
Status
6/29/2020
Primary Sponsor
Mary Young
Click for details
AI Summary
HB20-1213 Summary
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Consolidates regulatory framework: Merges the separate Commodity Handler Act (Article 36) and Farm Products Act (Article 37) into a unified "Commodity Handler and Farm Products Act" under Article 36 with three parts (Common Provisions, Commodities, Farm Products).
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Extends regulatory sunset: Moves the repeal date from July 1, 2020 to September 1, 2025, allowing continued Department of Agriculture licensing and regulation of commodity handlers, dealers, and farm product agents.
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Creates small-volume category: Introduces "small-volume commodity handler" exemption for handlers purchasing less than $250,000 worth of commodities annually, with reduced licensing requirements and no bond requirement.
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Implements stakeholder recommendations: Requires the commissioner to promulgate comprehensive rules by December 31, 2020 covering financial assurance, record-keeping, license requirements, credit sale contracts, warehouse operations, and animal feeding operation capacity.
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Establishes reporting requirement: Department must submit progress report to legislature by November 1, 2021 summarizing program changes, industry outreach, inspection findings, and any recommended legislative changes.
Legislative Description
Sunset Commodity Handler And Farm Products Acts
Last Action
Governor Signed
6/29/2020