Eric...congrats.....you have pushed my button enough to get me back on this site, which i almost always refrain from getting into banter.
Your response that lease fees would pay the bills has many angles.
1) Re grazing fees, federal grazing permittees currently pay about $1.50/AUM vs $15-20/AUM on State land. Are your rancher buddies going to willingly pay roughly 10X current FS/BLM rates? Is the State, hungry for cash, going to put more cows on the same land to make up the management cost deficit? How will more cows benefit wildlife and fish? Is the State, hard up to pay the bills, going to spend money to maintain fences or even insure grazing is compatible? Right now out of my truck I can identify most State owned land east of the divide because it is too often a moonscape due to overgrazing. I would much rather bird hunt on BLM lands than State.
2) Has the Hunt Talk hunter considered how leasing might apply to hunting access? How about the State leasing out hunting rights to outfitters? It would be tempting and a revenue maker for sure on cash-strapped State management. It would help make up the deficit by fighting those wildfires which can easily cost +$1,000,000 per day on a single large fire? Camping on much State land in Colorado is prohibited I understand. Right now 29% of the State is federal I believe....most open to hunting and fishing and camping. Why would I or any other hunter want to risk that?
3) Ok lets log it. Yep, the State might make money on lands by clearcutting entire landscapes, failing to put money into slash disposal, regenerating timber and shortcutting road construction/maintenance costs that guarantee bleeding sediment or fail later. Closing roads and keeping them closed costs money....lets save money by leaving them all open. Weed control costs money....lets not spend any $$ on that. Timber harvest isnt necessarily bad and can often be beneficial to many hunted species, but when it has to make a profit, it tends to have negative consequences. Compare Plum Creek lands with federal timber sale areas.
4) Anything the legislature promises...even by legislation....can just as easily be undone. Legislate not to sell State land? Can just as easily pass legislation to sell it once it is realized how much it costs to manage. Ask Texans......they sold nearly all their State lands. Want to hunt in Texas? Just get out your checkbook. Think you are going to be able to buy your own piece of paradise from the State? Guess again....you will be bidding against the Wilks Bros or Koch Brothers. Check out the land ownership now on Durfee Hills or the Bearpaws.
Transferring federal lands.....belonging to the citizens of ALL the States (not just Montanans)....is not just high risk. It is doomed for failure...guaranteed. Lets get this silly idea behind us, and work on issues that help....not doom...sportsmen.