Chapter 1: Definitions
1.1	Assignment of a Tax Credit Certificate: Occurs when the tax credit 
certificate application pursuant to section 12-61-727, C.R.S. is deemed complete and the requested dollar amount from the application is encumbered and credited from the tax credit cap.

1.2	Repealed (Effective 01/01/2016).

1.3	Co-Hold: Two or more nonprofit or government entities are named 
grantees of the conservation easement and both entities hold the easement for the purposes of implementing rule 2.6. 

1.4	Commission: The Conservation Easement Oversight Commission created 
by section 12-61-725, C.R.S.

1.5	Conservation Easements: Conservation easements that have a charitable 
donation component. This includes full donations and bargain sale conservation easements.
1.6	Days: Calendar days for the purposes of implementing section 12-61-727,    C.R.S. 
1.7	Deemed Complete: The application pursuant to section 12-61-727, C.R.S. is date stamped by the Division and includes, at a minimum, the final appraisal, the recorded conservation easement deed, baseline document report and prescribed nonrefundable fee. 
1.8	Director: Has the same meaning as set forth in section 12-61-727(1)(E), C.R.S. 
1.9	Division: The Division of Real Estate within the Department of Regulatory Agencies.
1.10	Examination: The review conducted by the Division and preparation of a report to be presented to the Director and Commission for the purposes of implementing section 12-61-727, C.R.S.
1.11	Final Determination: The final decision by the Director and/or the Commission to approve or deny a tax credit certificate application pursuant to section 12-61-727, C.R.S. 
1.12	Issuance of a Tax Credit Certificate: Occurs after the Director and the Commission have made the final determination to approve the application pursuant to section 12-61-727, C.R.S. The tax credit certificate for the assigned amount is mailed to the landowner.
1.13	Petitioner: Any person who has been granted leave to intervene by either the Director or Commission for the purposes of implementing the provisions of Chapter 5 of these rules.
1.14	Safe and Secure Manner: Reasonable measures are taken to minimize the risk of loss, damage, or theft.
1.15	Settlement: For the purposes of implementing section 12-61-727, C.R.S., an official agreement intended to compromise on any deficiencies identified in the application and any supporting documentation, including the dollar amount of the tax credit certificate to be issued by the Division.
1.16	Tax Credit Cap: The total dollar amount of tax credits available for a given year as defined in section 39-22-522, C.R.S.
1.17	Conservation Easement Holder: An organization that is certified by the Division under section 12-61-724, C.R.S. 
1.18	Phased Conservation Easement:  A conservation easement that is or will be part of a series of transactions by the same landowner.