Colorado § 23-3.1-103.5 Enterprise status of division

Colorado Statutes

§ 23-3.1-103.5 — Enterprise status of division

Colorado § 23-3.1-103.5

Title 23Postsecondary Education

Art.Student Loan Program

This text of Colorado § 23-3.1-103.5 (Enterprise status of division) 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. § 23-3.1-103.5 (2026).

Text

(1)(a) The division shall constitute an enterprise for the purposes of section 20 of article X of the state constitution so long as the division retains the authority to issue revenue bonds and the division receives less than ten percent of its total annual revenues in grants from all Colorado state and local governments combined.

(b)and (c) (Deleted by amendment, L. 2006, p. 511, � 2, effective July 1, 2006.)

(d)Repealed.

(2)(a) As used in this section, grant means any direct cash subsidy or other direct contribution of money from the state or any local government in Colorado which is not required to be repaid.

(b)Grant does not include:

(I)Any indirect benefit conferred upon the division from the state or any local government in Colorado;

(II)Any revenues resulting fr

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(1) (a) The division shall
constitute an enterprise for the purposes of section 20 of article X of the state
constitution so long as the division retains the authority to issue revenue bonds and
the division receives less than ten percent of its total annual revenues in grants
from all Colorado state and local governments combined.

(b) and (c) (Deleted by amendment, L. 2006, p. 511, � 2, effective July 1, 2006.)

(d) Repealed.

(2) (a) As used in this section, grant means any direct cash subsidy or other
direct contribution of money from the state or any local government in Colorado
which is not required to be repaid.

(b) Grant does not include:

(I) Any indirect benefit conferred upon the division from the state or any
local government in Colorado;

(II) Any revenues resulting from rates, fees, assessments, or other charges
imposed by the division for the provision of goods or services by the division;

(III) Any federal funds, regardless of whether such federal funds pass
through the state or any local government in Colorado prior to receipt by the
division.

(3) Repealed.

Legislative History

Source: L. 93: Entire section added, p. 1827, � 11, effective June 6. L. 94: (1) amended, p. 100, � 3, effective March 18. L. 95: (3) added, p. 717, � 1, effective May 23. L. 2000: (3) repealed, p. 29, � 1, effective March 10. L. 2006: (1)(a), (1)(b), and (1)(c) amended, p. 511, � 2, effective July 1.