S.B. 94-208 Colorado travel and tourism authority - creation - purposes - governance - powers and duties. Creates the Colorado travel and tourism authority as a body corporate and a political subdivision of the state. Declares the intent of the general assembly that the authority operate as an enterprise for purposes of section 20 of article X of the state constitution (Amendment #1). Sets forth procedures for the establishment of a board of directors and an executive committee for the authority. States the qualifications for board members, the grounds and procedures for removal, and the grounds for declaring a board member's seat vacant. Establishes the general powers and duties of the authority, the board of directors, and the executive committee.
Authorizes the authority to request a travel and tourism promotion fee in the form of a contribution from businesses affected by travel and tourism in Colorado for the activities of the authority. Sets the maximum rate and a maximum amount that may be requested by the authority in any year. Allows for collection of the contribution by an agent of the authority and for the negotiation of collection fees. Requires a referendum among affected businesses to approve any order of the authority to increase the rate or maximum amount of the contribution, to impose a refundable, required contribution, or to terminate collection of a required contribution. Exempts horse racetracks, dog racetracks, and hunting outfitters from the terms of anyapproved order issued by the authority. Exempts businesses operated by government agencies or by certain nonprofit organizations from any required contribution. Lists 5 business categories found by the general assembly to be affected by travel and tourism in Colorado.
Authorizes the travel and tourism authority to issue revenue bonds, with the approval of the general assembly and the governor, and sets forth provisions governing such bonds. States that bonds or notes issued by the authority shall not constitute or become a debt or indebtedness of the state or a personal liability of officers and employees of the authority. Empowers the authority to invest its funds in the same manner as the state treasurer. Requires the authority to report annually to the governor and the general assembly concerning its activities and operations. Provides that rights and licenses held by the Colorado tourism board shall be made available to the authority.
APPROVED by Governor June 2, 1994
EFFECTIVE June 2, 1994
H.B. 94-1265 Pueblo depot activity development authority - creation. Enacts the "Pueblo Depot Activity Development Authority Act" which creates the Pueblo depot activity development authority. Establishes the area comprising the authority and a procedure for the inclusion or exclusion of property in the area comprising the authority.
Authorizes the authority to promote the reuse and development of the Pueblo depot activity for the benefit of the community and the state. Establishes a board of directors for the authority and sets out the powers and duties of the board. Requires the authority to provide a written program and financial report to the Pueblo county commissioners and the Pueblo city council.
Allows the authority to issue bonds and to pledge the property and revenue of the authority for payment of the bonds. Establishes a lien against any pledged property or revenues. Authorizes the authority to invest any revenue it receives. Allows certain fiduciaries to legally invest in the bonds issued by the authority. Exempts the bonds issued by the authority from state taxes and from the securities laws of the state.
Bars actions to question the validity or enjoin the performance of any act taken by the authority if the actions are commenced after 30 days following the act or effective date of the act upon which the action is based.
APPROVED by Governor April 28, 1994
EFFECTIVE April 28, 1994
H.B. 94-1296 Standard sales and use tax reporting form. Requires the executive director of the department of revenue, together with the director of the office of regulatory reform in the department of regulatory agencies, to consult with each local government to develop a common local sales and use tax form. Requires that the common form allow all local sales and use taxes to be reported on the form, be accepted by all local governments, and be made available at all state and local sales and use tax reporting locations. Defines "local government".
Allows the standard sales and use tax form to be used by a person collecting the sales or use tax of any local government which collects its own tax.
Requires the executive director of the department of revenue and the director of the office of regulatory reform in the department of regulatory agencies to consult with local governments to develop a uniform local government sales and use tax license application form. Requires the application form to be made available at all state and local sales and use tax reporting locations.
APPROVED by Governor May 25, 1994
EFFECTIVE May 25, 1994
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