| Notice Filed with SOS |
10/30/2010 |
| Rule |
ProposedRuleAttach2010-01019.RTF |
| Additional Information |
AddInfoAttach2010-01019.DOC |
| Statutory Authority |
12-47-202(1)(b); 12-47-202(2)(b); 12-47-308(1)(a) and (3)(a) |
| Description of Subjects/Issues |
New Regulation 47-323 Lawful Extension of Credit |
| Purpose/Objective of Rule |
To create a new regulation that conforms to the requirements of SB 10-083, which requires the state licensing authority to enforce the prohibition of a licensed supplier extending credit for more than 30 days on the sale of alcohol beverages to a retailer, pursuant to 27 CFR Part 6; and, to allow the authority to adopt rules regulating or prohibiting the sale of alcohol beverages on credit, where the credit is offered or extended for more than 30 days, consistent with the federal regulations. The regulations establishes restrictions, standards, and guidelines for applicable licensees to ensure compliance with the statutory prohibition. |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
|
| Hearing Date |
12/07/2010 |
| Hearing Time |
09:00 AM |
| Hearing Location |
1881 Pierce Street, Gaming Conference Room, Lakewood, CO 80214 |
| Contact Name |
Laura Harris |
| Contact Title |
Director, Liquor Enforcement |
| Contact Telephone |
303-205-2382 |
| Contact email |
lharris@spike.dor.state.co.us |