As used in this part 2, unless the context otherwise requires:
(1) "Board" means the Colorado agricultural value-added development board created in section 35-75-203.
(2) "Department" means the department of agriculture.
(3) "Development facility" means a Colorado facility that either produces goods from an agricultural 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 35-75-204 (2).
(5) "Fund" means the agriculture value-added cash fund created in section 35-75-205 (1).
(6) "Member" means a resident individual or a domestic or foreign corporation subject to the provisions of part 3 of article 22 of title 39, C.R.S.
(7) "Participant" means a resident individual or a domestic or foreign corporation subject to 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.