Colorado § 23-3.1-218 Agreement of the state not to limit or alter rights of obligees

Colorado Statutes

§ 23-3.1-218 — Agreement of the state not to limit or alter rights of obligees

Colorado § 23-3.1-218

Title 23Postsecondary Education

Art.Student Loan Program

This text of Colorado § 23-3.1-218 (Agreement of the state not to limit or alter rights of obligees) 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. § 23-3.1-218 (2026).

Text

The state hereby pledges to and agrees with the holders of any bonds, notes, or
other obligations issued under this part 2 and with those parties who may enter into
contracts with the authority, with state-supported institutions of higher education,
or with the division pursuant to the provisions of this part 2 that the state will not
limit, alter, restrict, or impair the rights vested in the authority to fulfill the terms of
any agreements made with the holders of bonds, notes, or other obligations
authorized and issued pursuant to this part 2 and with the parties who may enter
into contracts with the authority pursuant to this part 2, and that the state will not
limit, alter, restrict, or impair the rights vested in any state-supported institution of
higher education or in the d

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The state hereby pledges to and agrees with the holders of any bonds, notes, or
other obligations issued under this part 2 and with those parties who may enter into
contracts with the authority, with state-supported institutions of higher education,
or with the division pursuant to the provisions of this part 2 that the state will not
limit, alter, restrict, or impair the rights vested in the authority to fulfill the terms of
any agreements made with the holders of bonds, notes, or other obligations
authorized and issued pursuant to this part 2 and with the parties who may enter
into contracts with the authority pursuant to this part 2, and that the state will not
limit, alter, restrict, or impair the rights vested in any state-supported institution of
higher education or in the division to fulfill the terms of any contracts made with
the authority and with the parties who may enter into contracts with such
institutions of higher education or with the division pursuant to this part 2. The state
further agrees that it will not in any way impair the rights or remedies of the holders
of such bonds, notes, or other obligations of such parties until such bonds, notes,
and other obligations, together with interest thereon, with interest on any unpaid
installment of interest and all costs and expenses in connection with any action or
proceeding by or on behalf of such holders, are fully met and discharged and such
contracts are fully performed on the part of the authority, the state-supported
institutions of higher education, or the division. Nothing in this part 2 precludes
such limitation or alteration if and when adequate provision is made by law for the
protection of the holders of such bonds, notes, or other obligations of the authority
or those entering into such contracts with the authority or the authority under any
contract with a state-supported institution of higher education or with the division.
The authority may include this pledge and undertaking for the state in such bonds,
notes, or other obligations and in such contracts.