This draft offers a preliminary analysis of an on-going project to develop guidelines for applying the IAD's Institutional Grammar to understand the content of policy design. We seek to understand the foundational elements of policy design by examining the individual institutional statements that constitute policies. The Institutional Grammar offered by the Institutional Analysis and Development (IAD) framework is a valuable tool with which to systematically identify the institutions-in-form that govern behavior of people in collective action situations. Understanding how these statements are modified over time may be indicative of broader changes regarding how policy issues are framed, altered contextual factors, and new actors and sources of information entering the policy arena. In this study, we adapt the IAD's Institutional Grammar to code the major laws and regulations of Colorado State aquaculture, through which we identify the institutions-in-form that guide aquaculture activities in the State. We focus our discussion on offering insights regarding the applicability of the IAD's Institutional Grammar as it is currently presented, including theoretical limitations and suggestions for improved applications