17.2.25.050 Authorizations

(a) The Council hereby approves and reauthorizes the Subsidy to SIS LLC of $0.06 for every gallon of gasoline sold by the C-Stores.

(b) The Subsidy shall be paid by the Pueblo from revenues received by the Pueblo from the $0.17 per gallon fuel tax paid by the C-Stores.

(c) The Subsidy shall be used by SIS exclusively to reduce costs of gasoline in order to make upgrades to the fuel pumps and the C-Stores, and the Subsidy shall not be used for any other purpose.

(d) The Subsidy shall be effective as of June 1, 2021, and shall expire on May 31, 2026.

(e) SIS, LLC shall provide monthly financial statements and fuel reports, and such other information and documents to the Governor and Council to support the expenditure and continuation of the Subsidy.

(f) The Council authorizes the Governor to continue the Subsidy and execute any documents that may be necessary to support the provision of the Subsidy.

(g) The Governor is authorized to take such actions as deemed necessary to carry out the intent this Act.