Colorado § 23-3.1-307 Limitations

Colorado Statutes

§ 23-3.1-307 — Limitations

Colorado § 23-3.1-307

Title 23Postsecondary Education

Art.Student Loan Program

This text of Colorado § 23-3.1-307 (Limitations) 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. § 23-3.1-307 (2026).

Text

(1)Nothing in this part 3 shall be construed to:

(a)Give any designated beneficiary any rights or legal interest with respect to an account unless the designated beneficiary is the account owner;

(b)Guarantee that a designated beneficiary will be admitted to an education institution or be allowed to continue enrollment at or graduate from an education institution;

(c)Establish state residency for a beneficiary merely because of the designation as a beneficiary; or

(d)Guarantee that amounts saved pursuant to the program will be sufficient to cover the qualified higher education expenses or qualified disability expenses of a designated beneficiary, as applicable.

(2)Nothing in this part 3 shall establish any obligation of the state of Colorado or any agency or instrumentali

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(1) Nothing in this part 3 shall be construed to:

(a) Give any designated beneficiary any rights or legal interest with respect
to an account unless the designated beneficiary is the account owner;

(b) Guarantee that a designated beneficiary will be admitted to an education
institution or be allowed to continue enrollment at or graduate from an education
institution;

(c) Establish state residency for a beneficiary merely because of the
designation as a beneficiary; or

(d) Guarantee that amounts saved pursuant to the program will be sufficient
to cover the qualified higher education expenses or qualified disability expenses of
a designated beneficiary, as applicable.

(2) Nothing in this part 3 shall establish any obligation of the state of
Colorado or any agency or instrumentality of the state of Colorado to guarantee for
the benefit of any account owner, contributor to an account, or designated
beneficiary any of the following:

(a) The return of any amounts contributed to an account;

(b) The rate of interest or other return on any account;

(c) The payment of interest or other return on any account; or

(d) Tuition rates or the cost of any qualified expenditures.

(3) Nothing in this part 3 shall be construed to indicate that the account is
insured by the state of Colorado or that the principal deposited or investment
return is guaranteed by the state of Colorado.

(3.5) Nothing in this part 3 shall be construed to create an indebtedness, a
debt, or a liability of the state, nor shall the state be liable on the savings contracts,
except to the extent of the amounts on deposit in the accounts, nor shall a savings
contract constitute the giving, pledging, or loaning of the full faith and credit of the
state.

(4) (Deleted by amendment, L. 2000, p.1294, � 16, effective May 26, 2000.)

Legislative History

Source: L. 99: Entire part added, p. 462, � 1, effective July 1; (4) amended, p. 223, � 3, effective March 29. L. 2000: (4) amended, p. 223, � 3, effective March 28; entire part amended, p. 1294, � 16, effective May 26. L. 2015: (1)(d), IP(2), and (2)(d) amended, (HB 15-1359), ch. 269, p. 1053, � 7, effective June 3.