SB 64

The act modifies the Colorado agricultural future loan program (program) to permit certain eligible entities to receive funding from the program. An eligible entity is defined as an entity that is certified by the division of conservation (division) or an entity that: Is a district that has authority to conduct water activities, an irrigation district, or a ditch and reservoir company; and Has a letter of support from an entity certified by the division. The act directs the commissioner of agriculture to adopt rules that prioritize awarding loans to eligible entities that seek to acquire and conserve agriculturally productive land and to transfer ownership of that land to an eligible farmer or rancher who qualifies for a loan from the program. (Note: This summary applies to this bill as enacted.)