Colorado § 22-41-105 Income distinguished from principal

Colorado Statutes

§ 22-41-105 — Income distinguished from principal

Colorado § 22-41-105

Title 22Education

Art.Public School Fund

This text of Colorado § 22-41-105 (Income distinguished from principal) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 22-41-105 (2026).

Text

(1)Any amount paid as a premium for an interest-bearing obligation in excess of the amount realized upon disposition of said obligation must be recovered as a return of principal out of interest thereafter derived from the public school fund. Such recovery must be made and recorded on a systematic basis applied consistently from year to year.

(2)Interest and income that is not distributed as specified in section 22-41-102 (3) on June 30 of any fiscal year becomes part of the principal of the public school fund.

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(1) Any amount paid as a
premium for an interest-bearing obligation in excess of the amount realized upon
disposition of said obligation must be recovered as a return of principal out of
interest thereafter derived from the public school fund. Such recovery must be
made and recorded on a systematic basis applied consistently from year to year.

(2) Interest and income that is not distributed as specified in section 22-41-102 (3) on June 30 of any fiscal year becomes part of the principal of the public
school fund.

Legislative History

Source: L. 73: R&RE, p. 1241, � 1. C.R.S. 1963: � 123-4-5. L. 77: Entire section amended, p. 1056, � 3, effective July 15. L. 2016: Entire section amended, (SB 16-035), ch. 250, p. 1026, � 5, effective August 10.