COLORADO DEPARTMENT OF AGRICULTURE
Inspection and Consumer Services Division
Rules Concerning the Irrevocable Letters of Credit in Lieu of Surety Bonds Under the Colorado Farm Products Act and the Colorado Commodity Handler Act
8 CCR 1202-8
Statement of Basis, Specific Statutory Authority and Purpose
Adopted June 11, 2014 – Effective July 30, 2014
Statutory Authority:
These rules are adopted pursuant to sections 11-35-101.5, 12-16-117, and 12-16-210 C.R.S.
Purpose:
The purpose of this rule change is to consolidate all the rules regarding the Farm Products and Commodity Handler Acts into one section within 8 CCR 1202-11.
Factual and Policy Basis:
The factual and policy issues pertaining to the adoption of this permanent rule amendment are as follows:
Currently these rules which address irrevocable letters of credit and bonds are codified in 8 CCR 1202–08. In order to consolidate these rules into one set of rules at 8 CCR 1202-11 these rules are being deleted from their current location.