Section 2 of the bill creates the Colorado industrial hemp research and development authority (authority) to develop, fund, and promote educational, research, and development programs and collaborative efforts concerning industrial hemp. In furtherance of its purpose, the authority is directed to apply for federal funding from the national institution of food and agriculture (NIFA) in the United States department of agriculture for industrial hemp education, research, and extension programs and projects. In seeking a competitive grant from NIFA, the authority is directed to seek designation as a center of excellence to obtain priority in NIFA's competitive grant application process.
Section 1 authorizes the commissioner of agriculture to distribute money to the authority from the industrial hemp research grant fund for use by the authority to match federal or private money received by the authority for use in funding industrial hemp education, research, or development projects or programs supported by the authority.
Sections 3 to 12 make conforming amendments.
(Note: This summary applies to this bill as introduced.)