HB 1304 — History Colorado to Dispose of Mineral Rights

SecondNOTE: Regular Session Seventy-fifth General Assembly STATE OF COLORADO REREVISED This Version Includes All Amendments Adopted in the Second House LLS NO.

26-0834.01This Jacobbill Benningtonhas x2371been HOUSEprepared BILLfor 26-1304the HOUSEsignatures SPONSORSHIPof Lindsaythe andappropriate Winterlegislative T.,officers Story,and Duran,the Espenoza,Governor. Rutinel, Weinberg SENATE SPONSORSHIP Pelton B.

andTo Hinrichsen,determine Mullica,whether Coleman,the KippGovernor ehas nsigned ethe 6bill Eor ataken 0other Aaction Uon ,it, Nplease gconsult 2the Slegislative dstatus rsheet, Housethe Committeeslegislative Senatehistory, Committeesor ethe ASession State,Laws. Civic, Military, & Veterans Affairs State, Veterans, & Military Affairs R r e A BILL FOR AN ACT n m 2 C ONCERNINGTHEAUTHORITYOFHISTORY C OLORADOTODISPOSEOF T n 2 N U 3 RIGHTS RELATED TO MINERALS , AND , IN CONNECTION E i r S a A THEREWITH ,AUTHORIZING THE DISPOSAL OF W ELD C OUNTY R n RIGHTS AND W EST V IRGINIA RIGHTS .

2HOUSE BillBILL Summary26-1304 eBY nREPRESENTATIVE(S) mLindsay 2and (Note:Winter T., Story, Duran, Espenoza, Rutinel, Weinberg;

Thisalso summarySENATOR(S) appliesPelton toB. this bill as introduced and does E n 0 notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill U U , O i i passes third reading in the house of introduction, a bill summary that H a p applies to the reengrossed version of this bill will be available at R A r http://leg.colorado.gov/.) 3 Capital Development Committee.

The bill authorizes the state historical society, also known as history Colorado, to sell mineral rights d d and nonparticipatingHinrichsen, royaltyMullica, interestsKipp, thatColeman. are referred to as its Weld e 2 E a 2 S U 7 O n h Shading denotes HOUSE amendment.

DoubleCONCERNING underliningTHE denotesAUTHORITY SENATEOF amendment.HISTORY C OLORADO TO DISPOSE OF RIGHTS RELATED TO MINERALS ,AND ,IN CONNECTION THEREWITH , AUTHORIZING THE DISPOSAL OF W ELD C OUNTY RIGHTS AND W EST V IRGINIA RIGHTS.

H d a Capital letters or bold & italic numbers indicate new material to be added to existing law.e M Dashes through the words or numbers indicate deletions from existing law.

d County rights and West Virginia rights.

History Colorado is required to credit the proceeds of the sale to the state museum cash fund to be used for a strategic investment in capital improvements, including the retrofitting of the collections care facility and controlled maintenance.

SECTION1.SECTION 1.

Legislativedeclaration.(1)Legislative Thegeneralassemblydeclaration. finds and declares that:

(a)(1) InThe 1980,general theassembly statefinds historical society, also known as history Colorado, was deeded mineral rights and adeclares nonparticipatingthat: royalty interest on various parcels in Weld County, referred to as the Weld Countyrights.TheWeldCountyrightsweredonatedtohistoryColorado through the estate of Eleanor Bein.

(b)(a) In 2012,1980, historythe Coloradostate washistorical deededsociety, mineralalso rightsknown as history Colorado,wasdeededmineralrightsandanonparticipatingroyaltyinterest on various parcels in WestWeld Virginia,County, referred to as the WestWeld VirginiaCounty rights,rights. which were mistakenly recorded as belonging to St.

Elizabeth'sThe RetreatWeld Chapel.County rights were donated to history Colorado through the estate of Eleanor Bein.

(b) In 2024,2012, anhistoryColorado oilwas anddeeded naturalmineral gasrights companyon contactedvarious historyparcelsinWestVirginia,referredtoastheWestVirginiarights,whichwere Colorado________ toCapital relayletters theor mistakenbold recording& ofitalic mineralnumbers rights.indicate new material added to existing law;

(c)dashes HistoryColoradothrough haswords determinedor thatnumbers theindicate intentdeletions offrom theexisting donorslaw oftheWeldCountyrightsandtheWestVirginiarightsarebestservedbyand sellingsuch material is not part of the rights.act.

GivenmistakenlyrecordedasbelongingtoSt.Elizabeth'sRetreatChapel.In2024, thean currentoil marketand interestnatural ingas thecompany rights,contacted history ColoradohasdeterminedColorado thatto arelay salewouldbemostfinanciallybeneficialthe formistaken historyColoradorecording inof themineral nearrights. term.

(c) HistoryColoradohasdeterminedthat the intent of the donors of the Weld County rights and the West Virginia rights are best served by selling the rights.

Given the current market interest in the rights, history Coloradohasdeterminedthatasalewouldbemostfinanciallybeneficialfor history Colorado in the near term.

(1) The state of Colorado, acting bybyand and through the state historical society,society,alsoknownashistoryColorado,isauthorizedtodisposeofmineral alsorights knownand asnonparticipating historyroyalty Colorado,interests isassociated authorized to -2- 1304 disposeofmineralrightsandnonparticipatingroyaltyinterestsassociated with the following properties:

and (b) WestVirginiapropertyformerlyassociatedwithSt.Elizabeth'sWest RetreatVirginia Chapel.propertyformerlyassociated with St.

(2)Elizabeth's TheRetreat stateChapel. controller must approve all agreements relating to thedispositiondescribedinsubsection(1)ofthissectionpriortoclosing.

(2) The state controller must approve all agreements relating to the disposition described in subsection (1) of this section prior to closing.

(3) History Colorado shall credit the proceeds of the disposition described in subsection (1) of this section to the state museum cash fund createdcreatedinsection24-80-214to in section 24-80-214 to be used for a strategic investmentinvestmentincapital in capital improvements, including the retrofitting of the collectionscollectionscare carefacilityand facility and controlled maintenance.

The general assembly finds, determines, and declares that this act is necessary for the immediate preservationofthepublicpeace,health,orsafetyorforappropriationsforpreservation of the public peace, health, or safety or for appropriations for PAGE 2-HOUSE BILL 26-1304 the support and maintenance of the departments of the state and state institutions.

-3-____________________________ 1304____________________________ Julie McCluskie James Rashad Coleman, Sr.

SPEAKER OF THE HOUSE PRESIDENT OF OF REPRESENTATIVES THE SENATE ____________________________ ____________________________ Vanessa Reilly Esther van Mourik CHIEF CLERK OF THE HOUSE SECRETARY OF OF REPRESENTATIVES THE SENATE APPROVED________________________________________ (Date and Time) _________________________________________ Jared S.

Polis GOVERNOR OF THE STATE OF COLORADO PAGE 3-HOUSE BILL 26-1304