Colorado § 23-3.1-307.3 Proceeds as trust funds

Colorado Statutes

§ 23-3.1-307.3 — Proceeds as trust funds

Colorado § 23-3.1-307.3

Title 23Postsecondary Education

Art.Student Loan Program

This text of Colorado § 23-3.1-307.3 (Proceeds as trust funds) 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. § 23-3.1-307.3 (2026).

Text

Except as otherwise provided in this
part 3, all moneys received pursuant to this part 3, including moneys received under
savings contracts, shall be deemed to be trust funds to be held and applied solely
as provided in this part 3. Any officer, bank, or trust company with which such
moneys are deposited shall act as trustee of such moneys and shall hold and apply
the same for the purposes of this part 3, subject to such policies and guidelines as
the authority and the resolution authorizing the bonds, notes, or other obligations of
any issue or the trust agreement securing such obligations provides.

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Except as otherwise provided in this
part 3, all moneys received pursuant to this part 3, including moneys received under
savings contracts, shall be deemed to be trust funds to be held and applied solely
as provided in this part 3. Any officer, bank, or trust company with which such
moneys are deposited shall act as trustee of such moneys and shall hold and apply
the same for the purposes of this part 3, subject to such policies and guidelines as
the authority and the resolution authorizing the bonds, notes, or other obligations of
any issue or the trust agreement securing such obligations provides.