C.R.S. Section 22-32-112
Oil and gas leases


(1)

A board of education of a school district has the power to lease any real property or any interest therein owned by the district for oil and gas exploration, development, and production purposes, upon such terms and conditions as may be prescribed and contracted by the board in the exercise of its best judgment as the board deems to be for the best interests of the district. Any lease of oil and gas rights shall be for a term not to exceed ten years and as long thereafter as oil or gas is produced, and shall provide for a royalty of not less than twelve and one-half percent of all oil and gas produced, saved, and sold, or the gross production value thereof, which royalty may be reduced proportionately under appropriate provision in the lease if the interest in the school district is less than a full interest in the land or oil and gas rights in the land described in the lease. Whenever in the opinion of the board of education, and because of the size, shape, or current use of any tract of land owned by the district, the best interests of the district so require, any lease of such tract may provide that no drilling shall be conducted on the land covered thereby, in which case such lease shall be for a term not to exceed ten years and so long thereafter as the district may share in royalties payable on account of production of oil or gas from lands adjacent to such tract so leased.

(2)

Whenever deemed by the board of education of a school district to be in the best interests of the district, it may enter into a unit agreement providing for the pooling, unitization, or consolidation of acreage covered by any oil and gas lease executed by the district with other acreage for oil and gas exploration, development, and production purposes, and providing for the apportionment or allocation of royalties among the separate tracts of land included in the unit or pooling agreement on an acreage or other equitable basis, and may change, by such agreement, with the consent of the lessee under the lease, any or all of the provisions of any lease issued by the district, including the term of years for which the lease was originally granted, in order to conform such lease to the terms and provisions of the unit or pooling agreement and to facilitate the efficient and economic production of oil and gas from the lands subject to such agreement.

(3)

The leasing of school district real property or any interest therein under the provisions of this section shall not be deemed to be a sale of such school property.

(4)

All leases of oil and gas or rights therein and all unit agreements relating to or dealing with oil and gas and containing provisions similar to those set forth in this section affecting school district lands heretofore made or entered into by any school district are hereby confirmed, validated, and declared to be legal and valid in all respects.

Source: Section 22-32-112 — Oil and gas leases, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-22.­pdf (accessed Oct. 20, 2023).

22‑32‑101
Corporate status of school districts
22‑32‑102
Corporate status - when questioned
22‑32‑103
Board of education - general powers and duties
22‑32‑104
Organization of board of education - definition
22‑32‑105
Duties - president and vice-president
22‑32‑106
Duties - secretary
22‑32‑107
Duties - treasurer
22‑32‑108
Meetings of the board of education - legislative intent
22‑32‑108.5
Board of education - distribution of additional mill levy revenue - definitions - legislative declaration
22‑32‑109
Board of education - specific duties - definitions
22‑32‑109.1
Board of education - specific powers and duties - safe school plan - conduct and discipline code - safe school reporting requirements - school response framework - school resource officers - definitions
22‑32‑109.2
Board of education - specific duties - adoption of policy
22‑32‑109.3
Board of education - specific duties - student records
22‑32‑109.4
Colorado School Collective Bargaining Agreement Sunshine Act - board of education - specific duties
22‑32‑109.5
Board of education - specific duties - testing requirements - developmental education placement or assessment tests - intervention plans
22‑32‑109.6
Board of education - specific duties - class size reduction plans - alternative student achievement plans - definitions
22‑32‑109.7
Board of education - specific duties - employment of personnel - definitions
22‑32‑109.8
Applicants selected for nonlicensed positions - submittal of form and fingerprints - prohibition against employing persons - department database
22‑32‑109.9
Licensed personnel - submittal of fingerprints
22‑32‑110
Board of education - specific powers - definitions
22‑32‑110.6
Board of education - specific powers - “No Child Left Behind Act of 2001”
22‑32‑110.7
Board of education - specific powers - drug testing
22‑32‑111
Power of eminent domain
22‑32‑112
Oil and gas leases
22‑32‑113
Transportation of pupils - when
22‑32‑114
Transportation by parents of own children
22‑32‑115
Tuition for resident school-age children
22‑32‑116
Exclusion of nonresidents - exception
22‑32‑116.5
Extracurricular and interscholastic activities - definitions
22‑32‑117
Miscellaneous fees
22‑32‑118
Summer schools - continuation, evening, and community education programs
22‑32‑118.5
Intervention strategies - students at risk of dropping out - legislative declaration
22‑32‑118.6
Intervention strategies - improving mathematics outcomes - definitions
22‑32‑119
Kindergartens - definition
22‑32‑119.5
Full-day kindergarten - phase-in plan - report - legislative declaration
22‑32‑120
Food services - facilities - school food authorities - rules
22‑32‑121
Facsimile signature
22‑32‑122
Contract services, equipment, and supplies
22‑32‑123
Penalty
22‑32‑124
Building codes - zoning - planning - fees - rules - definitions
22‑32‑124.3
Energy-efficient design of school buildings and structures required - definitions
22‑32‑126
Principals - employment and authority
22‑32‑127
Leases or installment purchases for periods exceeding one year
22‑32‑128
Use of school vehicles by residents of district
22‑32‑131
Voter approval of repayment of loans for capital improvements made to a growth district
22‑32‑132
Diplomas - veterans
22‑32‑133
American sign language
22‑32‑133.5
Computer science courses - legislative declaration
22‑32‑134.5
Healthy beverages policy required
22‑32‑135
Financial literacy curriculum - definition
22‑32‑136
Children’s nutrition - healthful alternatives - information - facilities - local wellness policy - competitive foods
22‑32‑136.3
Children’s nutrition - no trans fats in school foods - definitions - rules
22‑32‑136.5
Children’s wellness - physical activity requirement - legislative declaration
22‑32‑137
Community service and service-learning
22‑32‑138
Out-of-home placement students - school stability, transfer, and enrollment procedures - absences - exemptions - provision of academic supports - report - definitions
22‑32‑138.5
Educational stability grant program - application - grants - fund created - rules - report - definition
22‑32‑139
Food allergies and anaphylaxis policy required
22‑32‑140
Standardized immunization policy required
22‑32‑141
Student awaiting trial as adult - educational services - definitions
22‑32‑142
Parent engagement - policy - communications - incentives
22‑32‑143
Local fiscal impact summaries
22‑32‑144
Restorative justice practices - legislative declaration
22‑32‑145
Native American language and culture instruction - general credit
22‑32‑146
School use of on-site peace officers as school resource officers
22‑32‑147
Use of restraints on students - certain restraints prohibited - reports and review process - rules - definitions
22‑32‑148
Food donations to nonprofit organizations encouraged
22‑32‑149
District scholarship programs - authorized
22‑32‑150
Contracting for facial recognition service by schools prohibited - definition - repeal
22‑32‑151
Testing for the presence of lead in drinking water in eligible schools - compliance with public health requirements - repeal
Green check means up to date. Up to date

Current through Fall 2024

§ 22-32-112’s source at colorado​.gov