Colorado Code § 36-1-112.5

Fiscal impact study. Prior to the lease, sale, or exchange of any lands for
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commercial, residential, or industrial development, the state board of land commissioners shall
determine that the income from the proposed lease, sale, or exchange can reasonably be
anticipated to exceed the fiscal impact of such development on local school districts and state
funding of education from increased school enrollment associated with such development. When
determining the fiscal impact of the proposed lease, sale, or exchange of any land that is a part of
any mining operation, the state board of land commissioners shall consider the fiscal and other
benefits to the local school districts from the development of the entire operation.

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