HB 18-1214

House Bill 18-1214, which has been signed into law, requires the State Board of Land Commissioners to set lease rates for telecommunications towers on state-managed land in rural areas based on local market appraisals. This means that when companies want to build and operate cell phone or other communication towers on state-owned land in rural parts of Colorado, they will pay a rate determined by what similar leases cost locally. The bill affects both the State Board of Land Commissioners and telecommunications companies operating in rural regions. Since it has been signed, this law is now active and guides how these lease rates are set for new or renewed tower leases.

Official Summary

For ground leases for the construction and operation of telecommunications towers on state land managed by the state board of land commissioners (board) in rural areas of the state, the bill requires the board to set a lease rate based on a local market-based appraisal of telecommunications lease rates in the rural area. (Note: This summary applies to this bill as introduced.) , Read More