Colorado § 34-63-105 - Geothermal resource leasing fund.
Full text of Colorado Colorado Revised Statutes § 34-63-105 — Geothermal resource leasing fund., with citation guidance and answers to common questions.
§ 34-63-105. Geothermal resource leasing fund.
(1) The state treasurer shall deposit all revenues from sales, bonuses, royalties, leases, and rentals related to geothermal resources, as that term is defined in section 37-90.5-103, C.R.S., received by the state pursuant to 30 U.S.C. sec. 1019, as amended, and all moneys earned from the investment of such revenues, into the geothermal resource leasing fund, which fund is hereby created in the state treasury, for appropriation by the general assembly to the department of local affairs for grants to state agencies, school districts, and political subdivisions of the state affected by the development and production of geothermal resources or other entities authorized by federal law:
(a) Primarily for use by such entities in planning for and providing facilities and services necessitated by such development and production; and
(b) Secondarily to the entities listed in the introductory portion of this subsection (1) for other state purposes as specified in subsection (2) of this section.
(2) After the executive director of the department of local affairs has allocated sufficient revenues from the fund to adequately address the needs specified in paragraph (a) of subsection (1) of this section, the executive director shall, in consultation with the governor's energy office created in section 24-38.5-101, C.R.S., allocate revenues from the fund by competitive grants for the promotion of the development of geothermal energy resources.
Source: L. 2010: Entire section added, (SB 10-174), ch. 189, p. 810, § 3, effective August 11.
ARTICLE 64
Underground Storage
34-64-101. Legislative declaration.
34-64-102. Definitions.
34-64-103. Condemnation - public use.
34-64-104. Application to commission - order.
34-64-105. Hearing - notice - review.
34-64-106. Petition to district court - procedure.
34-64-107. Property rights.
34-64-108. Regulation of intrastate underground natural gas storage facilities - fees - rules.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 34-63-105
What does Colorado Revised Statutes § 34-63-105 cover?
Section 34-63-105 ("Geothermal resource leasing fund.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 34-63-105?
A common citation format is "Colorado Revised Statutes § 34-63-105" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 34-63-105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.