The state board of land commissioners is authorized to prudently develop such coal measures, mineral deposits, and oil structures by lease or otherwise as is situated on lands described in section 23-52-114, but such development shall not unreasonably interfere with the use of such land as may be directed from time to time by the board of trustees. Applications for leases of the coal measures, mineral deposits, and oil structures shall be made to the state board of land commissioners, which board may execute such leases in the manner required by law. Rental, royalties, and income therefrom shall be deposited with the state treasurer and credited to the special account established by section 23-52-114.
Source: L. 2002: Entire section added with relocations, p. 1254, § 5, effective July 1.
Editor's note: This section is similar to former § 23-30-115 as it existed prior to 2002.
Cross references: For the legislative declaration contained in the 2002 act enacting this section, see section 1 of chapter 303, Session Laws of Colorado 2002.
Structure Colorado Code
Title 23 - Postsecondary Education
Article 52 - Fort Lewis College - Grand Junction School
§ 23-52-101. College Established - Role and Mission - Governance
§ 23-52-102. Board of Trustees - Creation - Members - Powers - Duties
§ 23-52-103. Board of Trustees for Fort Lewis College Fund - Creation - Control - Use
§ 23-52-103.3. Investments in Consolidated Funds
§ 23-52-103.4. Corporate Stock in Name of Nominee Authorized
§ 23-52-103.5. Investment Policy - Fiduciary Responsibility
§ 23-52-104. Governing Board - Powers
§ 23-52-104.5. Powers and Duties of the President
§ 23-52-105. Tuition Fees - Native Americans
§ 23-52-106. Donations - Power to Invest
§ 23-52-107. Board of Trustees Empowered to Lease Grounds
§ 23-52-108. No Authority to Obligate State
§ 23-52-109. Buildings - Control Of
§ 23-52-110. Board of Trustees May Rent Buildings
§ 23-52-111. To Be State Property at Lease End
§ 23-52-112. Leasehold Interest May Be Sold
§ 23-52-113. Board of Trustees May Rent Rooms
§ 23-52-114. Hesperus Account Created