Colorado Code § 36-1-114

Adjustment of rentals. When, in its opinion, conditions justify, the state
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board of land commissioners has the power to adjust rentals under any existing, expired, or
defaulted lease on state lands in a manner to comply with the requirements of sections 9 and 10
of article IX of the state constitution and may accept payments on delinquent rentals in
accordance with such adjustments.

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