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The State Board of Land Commissioners prudently manages the assets it holds in trust to produce reasonable and consistent income over time while protecting and enhancing the long-term value and productivity of these assets through the application of sound stewardship.
The State Land Board uses a suite of tools to enhance short and long-term stewardship outcomes on state trust lands. These tools are: the Stewardship Trust, Colorado Designated Natural Areas, Asset Management Plans, Stewardship Action Plans, lease stipulations and provisions, and long-term non-development leases.
Each of these tools have different goals and objectives and target different types of lands, allowing the Board to strategically apply the best tool for the job depending on the type of natural values involved.
The use of these tools on state trust land parcels is not mutually exclusive and it is possible that more than one may apply to certain properties.
This type of lease is typically used to protect exceptional natural values on the surface from the unavoidable impacts of surface or mineral development while generating some measure of revenue for the trust beneficiaries. Non-development leases are carefully considered on a case-by-case basis with issues such as the type of natural values desired for long-term protection, the value of the underlying minerals, and the value of the surface for other uses.