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State Land Board reviews $27 million non‑simultaneous exchange fund, weighs strategic uses
Summary
The Colorado State Board of Land Commissioners reviewed the board’s non‑simultaneous exchange (NSE) fund balance and a $111 million disposal pipeline, discussed asset‑allocation goals for reinvesting proceeds, and asked staff to bring detailed options for acquisitions, water purchases and permanent‑fund allocations.
The Colorado State Board of Land Commissioners spent a large portion of its Aug. 14 public meeting discussing the board’s non‑simultaneous exchange (NSE) fund and a pipeline of potential land disposals that together could exceed $100 million. Staff briefed the board on the fund balance, upcoming expirations and how proceeds might be used for acquisitions, water rights or added to the permanent fund.
Staff told commissioners the NSE fund balance stood at roughly $27 million after a recent $5 million phase‑2 disposal deposit and showed a schedule of roll‑offs: about $19 million expiring in October, small expirations in December, and additional expirations through 2027 tied to staged disposals. Staff identified four…
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