The bill authorizes the fiduciary of an endowment fund to distribute principal, such as capital gains, under a unitrust election. This facilitates investing in stocks. The bill authorizes a cemetery authority to request that the fiduciary convert an endowment fund to a unitrust. The fiduciary and cemetery authority must agree on the terms of conversion, the distribution method, and the distribution rate. The distributions must be made on a monthly, quarterly, semi-annual, or annual basis, but the default is monthly. The unitrust must comply with certain current unitrust laws. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Transportation Legislation Review Committee. The bill increases the minimum weight for classification as a commercial vehicle subject to the statutory and regulatory standards for commercial vehicles from 10,001 pounds to 16,001 pounds unless the vehicle is registered for use in interstate commerce. With respect to vehicles that would be classified as commercial vehicles but for the fact that they weigh between 10,001 and 16,000 pounds, the chief of the Colorado state patrol is authorized to adopt rules that authorize the Colorado state patrol to: Annually inspect these vehicles; Enforce with respect to these vehicles all requirements for the securing of loads that apply to commercial vehicles; and Enforce with respect to these vehicles all requirements relating to the use of coupling devices for commercial vehicles.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
In assisting a student and his or her parent in creating the ICAP, the public school must discuss the skills and educational opportunities available through military enlistment and is encouraged to provide to the student information concerning the military enlistment test. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Under current law, the clerk of the court mails notice of the filing of certain petitions and the date and time of hearings on the petition to specified interested parties by registered mail. The bill changes the process so the clerk of the court may send the notice by first-class mail or electronically using the e-filing system of the judicial department. Under current law, if a respondent in a domestic relations action cannot be personally served and is served by publication, the clerk of the court is required to post a copy of the process on a bulletin board in the clerk's office for 35 days after the date of publication and may post the notice online on the court's website. The bill gives the clerk the option of posting the notice online on the court's website rather than on a bulletin board. The bill also updates the time frame for holding certain hearings to multiples of 7 days. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
The bill creates a group under the commissioner of agriculture to study the feasability of including hemp products in animal feed. The group includes a hemp producer, a hemp processor, a legal expert, a person from an institution of higher education who has studied hemp policy, a veterinarian, a livestock producer, and any other person the commissioner determines would facilitate understanding the legal, practical, or business considerations. The group will make recommendations by December 31, 2017. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
The bill creates a new provision that allows a child care worker who is employed in a licensed facility that is wholly owned, operated, and controlled by a common ownership group or school district to use a single completed fingerprint-based criminal history record check and a check of the records and reports of child abuse or neglect maintained by the department of human services to satisfy the requirements of the necessary background checks if the employee also works for or transfers to another licensed facility that is owned, operated, or controlled by the same common ownership group or school district, provided all other requirements for employment are met. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
The bill clarifies that the attorney general or a district attorney may issue a subpoena to a person whom he or she has reasonable cause to believe has engaged or is engaging in a deceptive trade practice in violation of Colorado statute. It also specifies that the subpoena may be issued pursuant to rule 4 of the Colorado rules of civil procedure. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
The retail marijuana code requires a license for retail marijuana business operators. The bill creates a corresponding medical marijuana business operator license. Under current law, a medical marijuana licensee may move his or her location within the city or county where the business is licensed upon approval of the local and state licensing authority. Under the retail marijuana code, a licensee can move his or her business anywhere in Colorado upon approval of the state and local jurisdiction. The bill allows a medical marijuana licensee to move his or her business anywhere in Colorado upon approval of the state and local jurisdiction to conform with the retail marijuana code. Under the retail marijuana code, if a test result indicated the presence of any substance determined to be injurious to health, the licensee has an opportunity to remediate the product if the test indicated the presence of a microbial. If the licensee is unable to remediate the product, then the licensee shall document and properly destroy the adulterated product. The bill gives a medical marijuana licensee the same opportunity to remediate its product. The bill allows medical marijuana-infused product manufacturers to sell or buy medical marijuana from another medical marijuana-infused product manufacturer. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
The bill extends from 4 years to 8 years the period following the declaration by the governor of a disaster emergency in a county within which the board of county commissioners of the county may transfer county general fund money to the county road and bridge fund for the purposes of disaster response and recovery. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Statutory Revision Committee. Pursuant to section 24-1-136 (11)(a)(I), Colorado Revised Statutes, any report that is required to be made to the general assembly by an executive agency or the judicial branch on a periodic basis expires on the day after the third anniversary of the date on which the first report was due unless the general assembly, acting by bill, continues the requirement. The bill addresses reporting requirements of the department of revenue. Sections 1, 2, 6, 8, and 9 of the bill repeal a report that was scheduled to repeal according to section 24-1-136 (11)(a)(I). Currently there is no repeal date listed in the organic statute. Sections 3 and 4 of the bill amend the organic statutes to remove requirements to send a report to the general assembly after the scheduled repeal date specified in section 24-1-136 (11)(a)(I). Sections 5 and 7 of the bill add a repeal date in the organic statute that coincides with the scheduled repeal date specified in section 24-1-136 (11)(a)(I). (Note: This summary applies to this bill as introduced.)
Water Resources Review Committee. Section 8 of the bill restructures the fee that the state engineer may charge for rating certain types of water infrastructure from $25 per day plus actual expenses incurred in determining the rating to a flat fee of $75. Section 1 specifies the location of the state engineer's office as within the capitol complex. Section 2 permits the state engineer to use new technology that can accomplish the same functions as satellite or telemetry-based monitoring systems and is more cost effective. The bill repeals certain requirements as follows: In sections 1, 4, and 11 , the requirement that certain officials take an oath and post bond; In section 8, certain fee requirements; and In section 14 , the requirement that the state engineer survey, lay out, and locate a ditch or canal along the Arkansas river. Section 16 increases the amount of time for filing comments on a substitute water supply plan from 30 days after the state engineer mails the notice to 35 days after mailing the notice. The bill updates language within the statutes related to the state engineer and the division of water resources. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Current law defines a mortgage loan originator as an individual who offers or negotiates terms of a residential mortgage loan, including to any family member, but there is an exemption for a parent who acts as a loan originator in providing loan financing to his or her child. The bill expands the exemption to include up to 3 loans per year without compensation, other than interest, between family members, and directs the board of mortgage loan originators to define 'family member' by rule. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
