<p> Statement of Authority, Basis, Purpose, and Fiscal Impact for Proposed Amendment to 1 CCR 203-2</p><p>Statutory Authority: 12-47-202, C.R.S.; 12-47-409, C.R.S.; 12-47-411, C.R.S.; 12-47-412, C.R.S.; 12-47-415, C.R.S.; 12-47-416, C.R.S.; 12-47-417, C.R.S.; 12-47-418, C.R.S.; 12-47-420, C.R.S.</p><p>Basis and Purpose: To modify Regulation 47-408 to conform with House Bill 12- 1270.</p><p>Fiscal Impact: This rule change has no fiscal impact.</p><p>Public Comment: Submit written comments to [email protected]</p><p>Regulation 47-408. Purchases by Retailers.</p><p>A. Every person or entity licensed under the Colorado Liquor or Beer Codes to sell at retail shall purchase all alcohol beverage stock, for the operation of its business, from a person or entity licensed to sell at wholesale pursuant to article 46 or 47 of title 12, C.R.S., except that:</p><p>1. A retailer licensed for on-premises consumption only, may purchase not more than five hundred TWO THOUSAND dollars' worth of such alcohol beverages during a calendar year from a retail liquor store or a liquor-licensed drugstore. A hotel and restaurant licensee may purchase up to one thousand dollars’ worth of alcohol beverages during a calendar year from a retail liquor store or a liquor-licensed drugstore.</p>