| Notice Filed with SOS |
04/15/2014 |
| Rule |
ProposedRuleAttach2014-00312.RTF |
| Additional Information |
AddInfoAttach2014-00312.DOC |
| Statutory Authority |
12-16-104(4), 12-16-110.5(1)(e), 12-16-117(1), 12-16-206(2), 12-16-208(1)(f), 12-16-210(1), 12-16-211(4) and 35-1-107(5)(a) |
| Description of Subjects/Issues |
To propose revisions regarding credit sales contracts, letters of credit, and commodity warehouse receipts. These revisions comply with statutory revisions made in House Bill 13-1034 and consolidate and incorporate provisions from 8 CCR 1202-8 “Rules Concerning the Irrevocable Letters of Credit in Lieu of Surety Bonds Under the Colorado Farm Products Act and the Colorado Commodity Handler Act” into this rule. In a separate rulemaking action the repeal of 8 CCR 1202-8 is being proposed. |
| Purpose/Objective of Rule |
The purpose of this rulemaking is to propose the adoption of revisions regarding credit sales contracts, letters of credit, and commodity warehouse receipts. These revisions comply with statutory revisions made in House Bill 13-1034 and consolidate and incorporate provisions from 8 CCR 1202-8 “Rules Concerning the Irrevocable Letters of Credit in Lieu of Surety Bonds Under the Colorado Farm Products Act and the Colorado Commodity Handler Act” into this rule. In a separate rulemaking action the repeal of 8 CCR 1202-8 is being proposed. |
| Comments |
Replace the rule in its entirety.
Thank you. |
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
05/21/2014 |
| Hearing Time |
10:00 AM |
| Hearing Location |
Colorado Department of Agriculture, Big Thompson Conference Room, 305 Interlocken Parkway, Broomfield, CO 80021 |
| Contact Name |
Jenifer Gurr |
| Contact Title |
Chief Administrative Officer |
| Contact Telephone |
303-869-9002 |
| Contact email |
jenifer.gurr@state.co.us |