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<br />(3) Pursuant to section 37-60-120 (1), Colorado Revised Statutes, <br /> <br />2 the board shall require such terms and conditions in the SUCH contracts as <br /> <br />3 will ensure repayment of funds made available by it. The board shall not <br />4 disburse any moneys for the ANY loan authorized by subsection (1) of this <br /> <br />5 section unless and until it is satisfied, at IN its sole discretion, that the <br /> <br />6 recipient of the ANY SUCH loan will be able to make repayment pursuant <br />7 to the terms and conditions established by the board and by subsection (1) <br />8 of this section. <br /> <br />9 SECTION 26. Safety clause. The general assembly hereby finds, <br /> <br />10 determines, and declares that this act is necessary for the immediate <br /> <br />11 preservation of the public peace, health, and safety. <br /> <br />-21- <br /> <br />DRAFT <br /> <br />) <br /> <br />DRAFT <br />12.15.013 <br /> <br />. <br /> <br />e- <br />