Section 24-32-303 - Authority and responsibility of the director(1) In furtherance of the policy expressed in section 24-32-302, the director, acting under the authority of the governor, has the following powers: (a) Creation, within the appropriations and allocations given by the general assembly or the governor, of such subdivisions and positions within the division as the director may deem necessary to fulfill his responsibilities;(b) Contracting, in accordance with existing law, for those services and materials required by the activities of the division;(c) Promulgation of such rules and regulations as may be necessary to effectuate the purposes of the division;(d) Expenditure of state funds, within the appropriations, allocations, and directives of the general assembly or the governor, for the encouragement and stimulation of local planning, promotion, and development activities;(e) Any other authority, consistent with the purposes for which the division was created, which is reasonably necessary for the fulfillment of the assigned responsibilities.(2) In furtherance of the policy expressed in section 24-32-302, the director has the following responsibilities: (a) Development, promotion, and coordination of long-range plans for the economic development of the state;(b) Stimulation and guidance of area redevelopment plans in those areas of the state with declining economies;(c) Development and expansion of foreign and domestic markets for Colorado products;(d) Conduct of a program to achieve a balance between commerce, industry, agriculture, professions, and the labor market in order to provide employment and economic well-being for all the people of Colorado, with particular emphasis on those rural and lesser populated areas of the state which desire to receive such assistance;(g) Conduct of a state economic research and information center for the use of state and local governmental agencies, private industry, labor, the professions, and other groups, both in and out of the state, interested in the economy of the state;(h) Coordination and stimulation of and assistance to the efforts of governmental and private agencies engaged in the planning and development of a balanced economy for Colorado;(i) Cooperation with the federal government and the other state governments to encourage such joint planning, agreements, and compacts as would serve the purposes of the division;(j) Acceptance and administration of federal grant-in-aid funds and state trust funds devoted to state development and promotional activities;(k) Representation of the governor in matters pertaining to the economic development of the state.L. 63: p. 143, § 3. C.R.S. 1963: § 3-18-3. L. 67: p. 468, § 12. L. 72: pp. 139, 140, §§ 2, 3. L. 83: (2)(e) and (2)(f) repealed, p. 917, § 4, effective July 1. For the duty of the division of commerce and development with respect to the Colorado customized training program, see § 23-60-306.