CO SB208

Amends Colorado law to allow conservation easements to be subordinated or partially terminated during condemnation proceedings when public authority acquisition makes conservation purposes impossible to fulfill.

Creates new provision requiring just compensation for condemned property encumbered by conservation easements to be based on the unencumbered property value and allocated between fee owners and easement holders according to their respective interests.

Preserves the right of conservation easement holders to claim additional damages under existing law related to condemnation of their easement interests.

Maintains prohibition on releasing conservation easements that received Colorado state income tax credits through merger with underlying property interests, except during condemnation proceedings.

Requires any release, termination, or subordination of conservation easements to be recorded in the county clerk and recorder's office where the easement is located.