Colorado § 23-3.1-226 Policies for promotion and disclosure of program information

Colorado Statutes

§ 23-3.1-226 — Policies for promotion and disclosure of program information

Colorado § 23-3.1-226

Title 23Postsecondary Education

Art.Student Loan Program

This text of Colorado § 23-3.1-226 (Policies for promotion and disclosure of program information) 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. § 23-3.1-226 (2026).

Text

(1)The authority shall design a policy related to the promotion of the prepaid expense program and a policy related to the disclosure of program-related information to purchasers or qualified beneficiaries in a manner consistent with this part 2 and consistent with the requirements of section 529 of the internal revenue code in order to require that:

(a)Appropriate promotional material and program-related information disclose the average tuition increase in state institutions of higher education in Colorado, as defined in section 23-3.3-101 (4), over the previous five years;

(b)Annual statements to purchasers or qualified beneficiaries disclose the number of tuition units paid for, the payments made for such tuition units, and the current value of such tuition units, as well a

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(1) The authority shall design a policy related to the promotion of the prepaid
expense program and a policy related to the disclosure of program-related
information to purchasers or qualified beneficiaries in a manner consistent with this
part 2 and consistent with the requirements of section 529 of the internal revenue
code in order to require that:

(a) Appropriate promotional material and program-related information
disclose the average tuition increase in state institutions of higher education in
Colorado, as defined in section 23-3.3-101 (4), over the previous five years;

(b) Annual statements to purchasers or qualified beneficiaries disclose the
number of tuition units paid for, the payments made for such tuition units, and the
current value of such tuition units, as well as the average tuition increases in state
institutions of higher education in Colorado, as defined in section 23-3.3-101 (4),
over the five previous years;

(c) An annual report to each purchaser of an advance payment contract
setting forth the value and rate of return on the advance payment contract based
on a calculation of average tuition and setting forth the amount of the stabilization
reserve and retained earnings in the prepaid expense program. The report shall be
provided at least annually and upon request of the purchaser of the advance
payment contract.

(d) Promotional material and program-related information disclose that no
moneys invested in the prepaid expense program are insured by the state of
Colorado and that neither the principal deposited nor the investment returned is
guaranteed by the state of Colorado. Such material and information shall also
disclose the existence of a stabilization reserve to better support its liability.

(e) Any fees paid from moneys collected pursuant to this part 2 are disclosed
in promotional material and program-related information provided to the public and
to purchasers or qualified beneficiaries, including disclosure of amounts assessed
for payments over time.