CO HB1338

Transfers $500,000 annually from the severance tax operational fund to the agriculture value-added cash fund for state fiscal years 2020-2028 (9 years total), or such amount as may be available.

Money transferred to the agriculture value-added cash fund is continuously appropriated to the Department of Agriculture for allocation to the Colorado Agricultural Value-Added Development Board.

Fund may only be used to promote the feasibility and development of agricultural energy-related projects.

Subsection (2)(h) regarding the transfer requirement is repealed effective September 1, 2029.

The agriculture value-added cash fund subsection (1.5) is repealed effective July 1, 2032.