(1) Notwithstanding section 24-1136 (11)(a)(I), on or before November 1, 2011, and on or before each November 1 thereafter, the state board of land commissioners shall prepare an annual income and inventory report. The report shall include the following:
(a) Data regarding the income earned from lands held in trust by the board, including:
A summary of the total revenues earned during the previous fiscal year from all landsheld in trust by the board;
A summary of the total revenues earned during the previous fiscal year from lands ineach individual trust held by the board;
A summary of the trends in revenue that have occurred in connection with the landsheld in trust by the board; and
A summary of the anticipated growth in revenue and revenue trends in connectionwith the lands held in trust by the board;
A summary of the state board of land commissioners' land inventory as of the date ofthe report, including the number of surface acres and subsurface acres in each individual trust held by the board; and
The amount transferred to the public school capital construction assistance fund onthe immediately preceding July 1, pursuant to section 22-43.7-104 (2)(b)(I), C.R.S.
(2) The state board of land commissioners shall deliver the annual income and inventory report as specified in section 36-1-102 (8).
Source: L. 2011: Entire section added, (SB 11-029), ch. 51, p. 133, § 3, effective August 10. L. 2017: IP(1) amended, (HB 17-1257), ch. 254, p. 1066, § 10, effective August 9.