6.5.37.040 Authorizations

The Council hereby:

(a) Authorizes the Governor to designate the $1,200,000 in SLFRF loans to SIS LLC as small business assistance grants to mitigate financial hardship, to provide technical assistance and other business planning help, capital expenditure and rehabilitation of commercial properties and support services to the small businesses owned and operated by the Pueblo or its subsidiaries or operating on the Pueblo's lands and to forgive the loan payments retroactive to November 1, 2021 for the VIE Acquisition loan and January 1, 2022 for the C-Store Improvement loan.

(b) Directs the Governor to work with SIS to confirm the designation of the loans as grants and to develop such grant agreements as necessary.

(c) Authorizes and directs the Governor, or his designee to take such actions as deemed necessary to carry out the intent of this Act.