Definitions.

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As used in this part 2, unless the context otherwise requires:

  1. "Board" means the Colorado agricultural value-added development board created insection 35-75-203.

  2. "Department" means the department of agriculture.

  3. "Development facility" means a Colorado facility that either produces goods from anagricultural commodity or uses a process to produce goods from an agricultural product.

  4. "Eligible agricultural value-added cooperative" means a cooperative association formed pursuant to article 55 or 56 of title 7, C.R.S., for the purpose of operating a development facility and that meets the eligibility criteria established by the board pursuant to section 35-75204 (2).

  5. "Fund" means the agriculture value-added cash fund created in section 35-75-205

(1).

  1. "Member" means a resident individual or a domestic or foreign corporation subject tothe provisions of part 3 of article 22 of title 39, C.R.S.

  2. "Participant" means a resident individual or a domestic or foreign corporation subjectto the provisions of part 3 of article 22 of title 39, C.R.S., that contributes cash funds to the board.

Source: L. 2001: Entire part added, p. 624, § 2, effective May 30. L. 2010: (7) amended, (SB 10-212), ch. 412, p. 2032, § 3, effective July 1.


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