Colorado § 30-20-1302 Legislative declaration

Colorado Statutes

§ 30-20-1302 — Legislative declaration

Colorado·Title 30 Government·Art. Public Improvements

(1)The general assembly hereby finds, determines, and declares that it is committed to making sure that all available funding received from federal mineral leasing and distributed as specified in section 34-63-102 (5.4)(c), C.R.S., is used to alleviate social, economic, and public finance impacts resulting from the development of natural resources in this state, subject to the limitations provided for in the federal act.

(2)The general assembly further finds and declares that the purpose of this legislation is to maximize the long-term benefit of funding derived from federal mineral leasing by authorizing the creation of federal mineral lease districts as funding and service delivery mechanisms, which will, consistent with sound financial practices, result in the greatest use o

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(1) The general assembly hereby finds,
determines, and declares that it is committed to making sure that all available
funding received from federal mineral leasing and distributed as specified in
section 34-63-102 (5.4)(c), C.R.S., is used to alleviate social, economic, and public
finance impacts resulting from the development of natural resources in this state,
subject to the limitations provided for in the federal act.

(2) The general assembly further finds and declares that the purpose of this
legislation is to maximize the long-term benefit of funding derived from federal
mineral leasing by authorizing the creation of federal mineral lease districts as
funding and service delivery mechanisms, which will, consistent with sound
financial practices, result in the greatest use of financial resources for the greatest
number of citizens of this state, with priority given to those communities designated
as impacted by the development of natural resources covered in the federal act.

(3) The general assembly further finds and declares that federal mineral
lease districts provide an effective mechanism to expedite the distribution of
funding, without the use or increase of ad valorem and other taxes, to those
communities designated as impacted by the development of natural resources
covered by the federal act.

Colorado § 30-20-1302 (Legislative declaration) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2011: Entire part added, (HB 11-1218), ch. 169, p. 580, � 1, effective May 9. L. 2012: Entire section amended, (SB 12-031), ch. 84, p. 275, � 1; effective April 6.