Code of Colorado Regulations
1200 - Department of Agriculture
1207 - Agriculture Commissioner's Office
8 CCR 1207-5 - Renumbered
Part 4 - Application Review and Approval
Universal Citation: 1200 CO Code Regs 4
Current through Register Vol. 47, No. 17, September 10, 2024
4.1. The Department will review submitted loan applications on a rolling basis throughout the calendar year.
4.2. The Department will use the following criteria in considering applications and awarding loans:
4.2.1. Whether all eligibility requirements
for participating in the Loan Program are satisfied;
4.2.2. Priority will be given to applicants
who are Underserved or Underrepresented, as those terms are defined in Part 2
of this rule;
4.2.3. Priority will
be given to applicants who have owned or operated a farm or ranch for less than
ten years;
4.2.4. The anticipated
economic impact from the use of the loan funds, including the number of new
jobs estimated to be created in Colorado, the amount of new revenue generated,
and the overall impact on the continued success of Colorado
agriculture;
4.2.5. Whether the
loan will be used to fill a gap or need in Colorado agriculture, including a
need for new or expanded processing capacity;
4.2.6. Whether the loan will be used to
advance energy conservation, improve soil health, mitigate the impacts of
drought or climate change, or promote good stewardship practices on the
land;
4.2.7. The likelihood of
success of the proposed project or investment; and
4.2.8. The applicant's ability to obtain
alternative sources of funding, including through commercial lending.
Disclaimer: These regulations may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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