Colorado HB1341 modifies the date for the Colorado Agricultural Development Authority to relinquish unused bond allocations.

Colorado HB1341 amends the Colorado Revised Statutes to change the date on which the Colorado Agricultural Development Authority must relinquish unused portions of its direct allocation of the state ceiling for private activity bonds. Under the bill, the Colorado Agricultural Development Authority must relinquish any unused portion of its allocation by November 15 each year, differing from the previous requirement of September 15. This change applies to the allocation of tax-exempt private activity bonds, which fund privately developed projects.

Colorado HB1341 modifies the date for the Colorado Agricultural Development Authority to relinquish unused bond allocations.

Colorado HB1341 amends the Colorado Revised Statutes to change the date on which the Colorado Agricultural Development Authority must relinquish unused portions of its direct allocation of the state ceiling for private activity bonds. Under the bill, the Colorado Agricultural Development Authority must relinquish any unused portion of its allocation by November 15 each year, differing from the previous requirement of September 15. This change applies to the allocation of tax-exempt private activity bonds, which fund privately developed projects.