(1) On or before February 15, 2027, the state board of land commissioners shall consider the work group's recommendations in the study conducted pursuant to section 36-1-152.3 and adopt an administrative policy or rules to establish, at a minimum:
- (a) A process governing the implementation of conservation leases and related instruments on state trust lands, including a framework for the structure, pricing, and duration of such instruments;
- (b) A specific process to substantiate how the state board balances revenue generation with conserving the long-term value of state trust lands;
- (c) Any other policies or rules the state board, in its discretion, deems necessary to implement section 10 of article IX of the state constitution; and
- (d) A schedule to review and update by December 2028, if necessary, all existing stewardship trust management plans or other applicable plans to achieve conservation purposes and require corrective management actions in accordance with the existing stewardship trust policy and lease terms.
Source: L. 2025: Entire section added, (HB 25-1332), ch. 184, p. 806, § 3, effective August 6.
Cross references: For the legislative declaration in HB 25-1332, see section 1 of chapter 184, Session Laws of Colorado 2025.