A STUDY WAS MADE ON THE QUESTION OF SELLING OR RETAINING, UNDER LEASE, PUBLIC SCHOOL LANDS TO DERIVE THE MAXIMUM, LONG-TERM REVENUE YIELD TO THE COLORADO PUBLIC SCHOOL FUND. FINDINGS SUPPORTED THOSE OF THE 1960 STATE LEGISLATIVE COUNCIL WHICH CONCLUDED THAT RETENTION OF PUBLIC SCHOOL LANDS WAS WISER THAN SALE OF THE LANDS. IN ADDITION, FINDINGS SHOWED THAT WIDE-SCALE CONDEMNATIONS OF PUBLIC SCHOOL LANDS BY GOVERNMENTAL AGENCIES, OTHER THAN EDUCATIONAL DEPARTMENTS, SHOULD BE DISCOURAGED. THE IMPLICATION WAS THAT FURTHER STUDY MUST BE MADE INTO THE AREAS SURROUNDING LAND MANAGEMENT WITH REFERENCE TO THE RETENTION OF PUBLIC SCHOOL LANDS. (GD)