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In 1876, the Colorado Constitution created the Colorado State Board of Land Commissioners (State Land Board), which manages lands that the Federal Government granted to Colorado in public trust. The State Land Board is the second-largest landowner in Colorado, with 2.8 million surface acres and 4.0 million mineral estate acres. A dual mission guides State Land Board management of these assets: to produce reasonable and consistent income over time, and to provide sound stewardship of the state trust assets. The lands are held in eight public land trusts, which benefit public schools and public institutions. State Land Board revenue entirely funds its operations, and the agency does not rely on tax dollars. The State Land Board's Strategic Plan is used as a framework to guide the Board and Staff in achieving agency objectives and goals.
School Trust funds benefit K-12 public schools through allocation in the state’s annual budget for public education, as well as through the BEST fund, directed by the Treasurer’s office to support capital improvements to school facilities across the state. Revenues generated by the trust lands through leases, rights-of-way and mineral production royalty go to Board operations and capital investment, the BEST fund, and the Public School Permanent Fund.
The management of the State Land Board’s $4 billion portfolio through these types of leasing activities generated $191 million in FY 2014-2015 for the various Trusts.
According to statute (36-1-101.5, C.R.S.), the Board meets at least once a month. Time and location for meetings are determined by the Board and made public in an annual schedule of meetings. Meetings are held in Denver, as well as in other parts of the state. For meeting dates, locations and agenda items, visit the Public Notices page of the State Land Board website.