CO SB209

Removes the February 29, 2020 date restriction from the definition of "eligible borrower" in the CLIMBER Act small business recovery loan program under Colorado Revised Statutes 24-36-203.

Changes the requirement from demonstrating a debt-service coverage ratio "as of February 29, 2020" to demonstrating a "current" debt-service coverage ratio of at least one-to-one or higher as determined by the oversight board.

Takes effect 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly.

Subject to referendum petition; if challenged within the ninety-day period, the act will not take effect unless approved by voters at the November 2024 general election.