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CO HB1289
Bill
Status
5/2/2018
Primary Sponsor
Mike Foote
Click for details
AI Summary
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Exempts school districts and local governments that own mineral rights on designated open space from forced pooling orders, provided the mineral rights were acquired before the pooling application was filed
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Defines "local government" to include counties, cities, municipalities, towns, school districts, local college districts, local improvement and service districts, special districts, and other independent local entities with taxing or assessment authority
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Allows exempted entities to continue engaging in voluntary pooling arrangements with other mineral rights owners
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Takes effect August 8, 2018, and applies only to pooling orders entered on or after the effective date
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Subject to referendum petition; if challenged, requires voter approval at the November 2018 general election to take effect
Legislative Description
Exempt Local Government School Districts Forced Pooling
Last Action
Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely
5/2/2018