(1) The general assembly hereby finds and declares that:
(a) The health, safety, and welfare of the people of the state of Colorado are enhanced by a 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;
(b) Diversification of the state's economic base can contribute to much-needed economic stability;
(c) Colorado is in competition with other states to attract large-scale regional tourism projects;
(d) It is in the best interests of the people of the state to provide a financing mechanism for attracting, constructing, and operating large-scale regional tourism projects that will attract significant investment and revenue from outside the state; and
(e) In keeping with Colorado's tradition of local governments playing a significant role in 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.