Current through 11/5/2024 election
Section 36-1-153.5 - Annual income and inventory report(1) Notwithstanding section 24-1-136(11)(a)(I), on or before November 1, 2011, and on or before each November 1 thereafter, the state board of land commissioners shall prepare an annual income and inventory report. The report shall include the following: (a) Data regarding the income earned from lands held in trust by the board, including: (I) A summary of the total revenues earned during the previous fiscal year from all lands held in trust by the board;(II) A summary of the total revenues earned during the previous fiscal year from lands in each individual trust held by the board;(III) A summary of the trends in revenue that have occurred in connection with the lands held in trust by the board; and(IV) A summary of the anticipated growth in revenue and revenue trends in connection with the lands held in trust by the board;(b) A summary of the state board of land commissioners' land inventory as of the date of the report, including the number of surface acres and subsurface acres in each individual trust held by the board; and(c) The amount transferred to the public school capital construction assistance fund on the immediately preceding July 1, pursuant to section 22-43.7-104(2)(b)(I), C.R.S.(2) The state board of land commissioners shall deliver the annual income and inventory report as specified in section 36-1-102(8).Amended by 2017 Ch. 254,§ 10, eff. 8/9/2017.L. 2011: Entire section added, (SB 11-029), ch. 51, p. 133, §3, effective August 10. L. 2017: IP(1) amended, (HB 17-1257), ch. 254, p. 1066, § 10, effective August 9.