HB1341

Modifies the date for the Colorado Agricultural Development Authority to relinquish unused bond allocation.

The bill modifies the date on which the Colorado Agricultural Development Authority must relinquish any unused portion of its direct allocation of the state ceiling for private activity bonds. Under current law, the authority must relinquish the unused portion by September 15 each year. The bill changes this to November 15 each year, except if bonds are issued before November or if the authority treats its allocation as a carryforward to another project. This change aims to provide more flexibility in managing bond allocations for agricultural development projects in Colorado.