(1) The general assembly hereby finds and declares that:
The health, safety, and welfare of the people of the state of Colorado are enhanced bya diverse revenue stream, and the people of the state would benefit from an expansion of opportunities for investment in large-scale regional tourism projects that will attract significant investment and revenue from outside the state;
Diversification of the state's economic base can contribute to much-needed economicstability;
Colorado is in competition with other states to attract large-scale regional tourismprojects;
It is in the best interests of the people of the state to provide a financing mechanismfor attracting, constructing, and operating large-scale regional tourism projects that will attract significant investment and revenue from outside the state; and
In keeping with Colorado's tradition of local governments playing a significant rolein land use and development projects, regional tourism projects should be proposed by a local government or by one or more local governments working together.
Source: L. 2009: Entire part added, (SB 09-173), ch. 434, p. 2403, § 1, effective June 4.