C.R.S. Section 36-1-124.5
Nonsimultaneous exchanges of state trust lands

  • fund

(1)

The state board of land commissioners shall have the authority to undertake nonsimultaneous exchanges of land. For the purposes of section 22-41-101 (2), C.R.S., proceeds of land sold or otherwise disposed as part of a nonsimultaneous transfer pursuant to this section are not part of the designated trust fund until the nonsimultaneous transfer is completed pursuant to subsection (4) of this section.

(2)

All revenues derived from the sale or other disposition of state trust land that is designated by the state board of land commissioners as being part of a nonsimultaneous exchange shall be transmitted by the director of the state board of land commissioners to the state treasurer who shall credit the same to a separate account in the nonsimultaneous state trust land exchange cash fund, which fund is hereby created. All interest derived from the deposit and investment of moneys in the fund shall be credited to the appropriate account in the fund. Moneys held in the fund shall not be used for the operating expenses of the board or for expenses incident to the disposition or acquisition of lands. Moneys in the fund are hereby continuously appropriated to the state board of land commissioners for the purposes of this section.

(3)

Land that is designated by the state board of land commissioners to be purchased at the completion or partial completion of a designated nonsimultaneous exchange shall be paid for by moneys in the appropriate account in the fund.

(4)

Upon a determination by the state board of land commissioners that a nonsimultaneous exchange is completed, but in any event no later than two years after the sale or other disposition of land designated as part of a nonsimultaneous exchange, any moneys remaining in a designated account in the fund shall be credited by the state treasurer to the trust fund maintained by the state treasurer for the proceeds of the trust lands disposed of or sold.

Source: Section 36-1-124.5 — Nonsimultaneous exchanges of state trust lands - fund, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-36.­pdf (accessed Oct. 20, 2023).

36‑1‑100.3
Definitions 36‑1‑101
Record of proceedings 36‑1‑101.5
Appointment of members - duties 36‑1‑102
Employees - director - bonds - report 36‑1‑104
Deed - execution - copy of record 36‑1‑105
Selection and location of lands 36‑1‑107
Resolution of selection 36‑1‑107.5
Long-term stewardship trust - nomination 36‑1‑108
Appraisal - classification - plat 36‑1‑109
Reclassification 36‑1‑110
Books and plats - public records 36‑1‑112
Fees - disposition of fees 36‑1‑112.5
Fiscal impact study 36‑1‑113
Leases - rental - mineral resources lands 36‑1‑114
Adjustment of rentals 36‑1‑115
Development of oil, gas, or geothermal resource areas 36‑1‑116
Disposition of rentals, royalties, and timber sale proceeds 36‑1‑117
Leases, rentals payable in advance 36‑1‑118
Terms of leasing - renewals - sale of leased land 36‑1‑118.3
Immunity from civil liability 36‑1‑118.5
Financed purchase of an asset or certificate of participation agreements for commercial real property - state board of land commissioners financed fund - legislative declaration - definition 36‑1‑119
Purchase of improvements 36‑1‑120
Leases - lands in city limits 36‑1‑120.5
Land subject to development - leases 36‑1‑121
Trespass - penalty - bond 36‑1‑122
Platting and sale in lots and blocks 36‑1‑123.5
Sale or lease of state lands for federal military real property expansion 36‑1‑124
Sale of state lands 36‑1‑124.3
Acquisition of state trust lands by governmental entities 36‑1‑124.5
Nonsimultaneous exchanges of state trust lands - fund 36‑1‑125
Reservations of rights on sale 36‑1‑126
Delinquent payments 36‑1‑127
Forfeiture - new sale 36‑1‑128
Place of payment - venue 36‑1‑129
Bonds 36‑1‑131
State land board hearings - rules 36‑1‑132
Lands sold subject to taxation 36‑1‑133
Rebate of taxes on reverted land 36‑1‑134
Proceeds of sale - funds 36‑1‑135
Proceeds of leases - disposition 36‑1‑136
Rights-of-way granted - reversion 36‑1‑137
Sale of lands to procure irrigation 36‑1‑138
Mineral section - personnel - duties 36‑1‑140
Mineral locations - posting - lease 36‑1‑141
Exchange of lands with government 36‑1‑142
Receipts from agricultural lands 36‑1‑143
Statement to board of governors of the Colorado state university system 36‑1‑144
Agreements with general agencies 36‑1‑145
Land commissioners’ receipts - appropriation 36‑1‑147
Geothermal leases 36‑1‑147.5
Leasing arrangements for renewable energy resources development - legislative declaration - definitions 36‑1‑148
Land and water management fund 36‑1‑149
Cultivation of state land - legislative declaration 36‑1‑150
Conservation easements 36‑1‑151
Public schools - access to state lands 36‑1‑152
Public school districts - charter schools - lease, purchase, or other use of state lands 36‑1‑153
Investment and development fund 36‑1‑153.5
Annual income and inventory report 36‑1‑153.7
Commercial real property operating fund - created 36‑1‑154
Severability
Green check means up to date. Up to date

Current through Fall 2024

§ 36-1-124.5’s source at colorado​.gov