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CO SB176
Bill
AI Summary
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Extends the Commodity Handler and Farm Products Act from September 1, 2025 to September 1, 2032, implementing recommendations from the 2024 DORA sunset report
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Increases the small-volume dealer threshold from $20,000 to $45,000 in annual farm product purchases, with authority for the Commissioner to adjust this limit by rule
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Clarifies that "commodity" does not include marijuana, while maintaining coverage for industrial hemp and other unprocessed seeds and grains
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Redirects civil penalty collections from the Inspection and Consumer Services Cash Fund to the General Fund
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Prohibits claimants owning 5% or more of a licensee's voting shares (excluding patronage interests, publicly traded shares, and membership/partnership interests) from receiving bond or letter of credit reimbursements when that licensee fails
Legislative Description
Sunset Commodity Handler & Farm Products Act
Agriculture
Last Action
Governor Signed
5/20/2025