When, in its opinion, conditions justify, the state board of land commissioners has the power to adjust rentals under any existing, expired, or defaulted lease on state lands in a manner to comply with the requirements of sections 9 and 10 of article IX of the state constitution and may accept payments on delinquent rentals in accordance with such adjustments.
Source: L. 37: p. 939, § 1. CSA: C. 134, § 59(1). CRS 53: § 112-3-14. C.R.S. 1963: § 112-3-14. L. 97: Entire section amended, p. 840, § 12, effective May 21.