Colorado Farm Bureau protects and strengthens private property rights in Colorado. Amendment 74 will amend the state constitution to require just compensation when a state or government action diminishes the fair market value of private property.
The Colorado Constitution protects property owners when the government takes or damages private property. But the courts have not applied the standard equally. This measure will level the playing field and require just compensation for property owners when the government causes economic damage to private property. No longer will the state or local governments be able to take action that limits activity and diminishes private property value without having to compensate the owner. This initiative will strengthen current standards, improve government, and remove iniquities created over the years, by judges who fail to apply Constitutional provisions equally.