Code of Colorado Regulations
1200 - Department of Agriculture
1204 - Markets Division
8 CCR 1204-11 - RULES PERTAINING TO THE COLORADO AGRICULTURAL FUTURE LOAN PROGRAM
Part 1 - The Colorado Agricultural Future Loan Program

Universal Citation: 1200 CO Code Regs 1

Current through Register Vol. 47, No. 17, September 10, 2024

1.1. Section 35-1.2-103, C.R.S., established the Colorado Agricultural Future Loan Program. These rules implement that program.

1.2. The Colorado Department of Agriculture (CDA or Department) shall administer the Loan Program. See section 35-1.2-103, C.R.S.

1.3. The Loan Program is a revolving loan and grant fund to support the future of agriculture in Colorado. Except as otherwise provided in this rule, money received as loan payments on loans issued from the Loan Program, including interest payments will be credited to the Colorado Agricultural Loan Cash Fund (Fund) created in section 35-1.2-105, C.R.S., and shall be reused on a continuing basis to support the Loan Program as set forth in C.R.S. 35-1.2-101, et seq.) and the provisions of this rule.

1.4. The Department shall to the extent practicable prioritize the provision of loans to eligible farmers or ranchers who apply for loans or grants from the Loan Program and who have owned or operated a farm or ranch for less than ten years or who represent a population that is underserved or underrepresented in Colorado agriculture.

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