Ritter signs drug bills, payday lending measure | SkyHiNews.com

Ritter signs drug bills, payday lending measure

DENVER (AP) – New drug penalties and a crackdown on payday lending are among the bills being signed into law by Gov. Bill Ritter.

Ritter planned to sign more than a dozen bills into law Tuesday. They include bills to reduce penalties for some drug possession crimes, to put more emphasis on drug treatment. Not all drugs will see reduced penalties.

Ritter also planned to sign a measure to limit payday loan interest rates to 45 percent annually. Currently they can run as high as 300 percent a year.

Also on the list is a bill to make it easier for the state to raise money to repair the Capitol Dome.

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