Committee advances narrow agricultural change to aid beginning farmers
The committee referred House Bill 206-1341 to the Committee of the Whole; the bill delays a CADAA allocation 'clawback' from Sept. 15 to Nov. 15 to allow more time for closings in ag land transactions.
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House Bill 206-1341, introduced by Representative Johnson, would change the date on which unused tax-exempt bond allocation for the Colorado Agricultural Development Authority (CADAA) must be returned. Sponsors described the change as a modest, technical fix to help beginning farmers and ranchers close transactions without requiring short-term bridge loans.
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