reglab/housing_qa huggingface dataset:
CO Code § 23-3.1-101 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-101. Legislative Declaration

 The general assembly hereby declares that the availability of improved access to and choice of higher education opportunities in this state will benefit the residents of this state and that the establishment of a student loan program will assist such residents in meeting the expenses incurred in availing themselves of such opportunities.   History. Source: L. 79: Entire article added, p. 807, § 1, effective July 1. L. 84: Entire section amended, p. 617, § 1, effective April 10.
CO Code § 23-3.1-103 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-103. Division Created - Director - Staff

  There is hereby created the student loan division in the department of higher education and the office of director of the division. The division and the director shall exercise their powers and perform their functions under this article as if the same were transferred to the department by a type 2 transfer. The director of collegeinvest shall be the director of the division. The director, with the approval of the executive director of the commission, shall employ such professional and clerical personnel as deemed necessary to carry out the duties and functions of the division. The director and professional personnel are declared to hold educational offices and to be exempt from the state personnel system.    Personnel hired by the director, with the approval of the executive director of the commission, on and after July 1, 2002, to carry out the duties and functions of the division shall receive compensation for their services as determined by the director. Such personnel are declared to hold educational offices and to be exempt from the state personnel system but shall, by acceptance of employment, be subject to the provisions of article 51 of title 24, C.R.S.    Any personnel hired within the state personnel system pursuant to subsection (1) of this section prior to July 1, 2002, shall retain all rights related to state personnel system and retirement benefits under the laws of this state until termination of employment with the division; except that, if such personnel accept a promotion, a voluntary demotion, or a transfer for purposes of a change of duties performed for the benefit of the division, such personnel shall become exempt from the state personnel system. Nothing in this subsection (3) shall prohibit personnel hired prior to July 1, 2002, from continuing membership in the public employees' retirement association pursuant to the provisions of article 51 of title 24, C.R.S., with all attendant rights and duties.     History. Source: L. 79: Entire article added, p. 808, § 1, effective July 1. L. 84: Entire section amended, p. 618, § 4, effective April 10. L. 2002: Entire section amended, p. 961, § 1, effective June 1. L. 2006: (1) amended, p. 511, § 1, effective July 1.
CO Code § 23-3.1-103.5 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-103.5. Enterprise Status of Division

     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.       (Deleted by amendment,L. 2006, p. 511, § 2, effective July 1, 2006.)    Repealed.         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.    “Grant” does not include:   Any indirect benefit conferred upon the division from the state or any local government in Colorado;    Any revenues resulting from rates, fees, assessments, or other charges imposed by the division for the provision of goods or services by the division;    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.          Repealed.      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.    Editor's note:   Subsection (1)(d)(II) provided for the repeal of subsection (1)(d), effective July l, 1994. (See L. 94, p. 100 .)
CO Code § 23-3.1-104.5 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-104.5. Additional Powers of Division

  The division is hereby authorized to make, originate, disburse, or service student loans directly to residents. “Resident” for the purpose of this section means any person attending an institution of higher education in Colorado, or any person attending an institution of higher education outside Colorado who would qualify for Colorado in-state tuition status under article 7 of this title. In order to obtain funds to make, originate, disburse, or service such student loans, the division is authorized to borrow or enter into other types of agreements with any person, corporation, financial institution, state or federal authority, political subdivision, or state or federal government agency for the advancement of funds for such purposes, so long as such student loans are insured against default. (1.5) Repealed.    Any agreement made by the division to repay funds borrowed from any person, corporation, financial institution, state or federal authority, political subdivision, or state or federal government agency shall not constitute or become an indebtedness, a debt, or a liability of the state or constitute the giving, pledging, or loaning of the full faith and credit of the state. Repayment of such borrowed funds shall be made solely from funds received from proceeds or earnings derived from the funds borrowed, from borrowers and insurers, or from federal payments, and the state shall have no liability with respect to such an agreement.    The division is hereby authorized to issue revenue bonds after approval by both houses of the general assembly either by bill or by joint resolution and after approval by the governor in accordance with section 39 of article V of the state constitution.     History. Source: L. 81: Entire section added, p. 1088, § 4, effective May 29. L. 84: Entire section amended p. 619, § 7, effective April 10. L. 85: (1) R&RE, (1.5) repealed, and (2) amended, pp. 774, 775, §§ 5, 10, 6, effective April 5. L. 93: (3) added, p. 1827, § 12, effective June 6. L. 2006: (3) amended, p. 513, § 6, effective July 1.
CO Code § 23-3.1-104.7 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-104.7. Restructuring Plan - Legislative Declaration

  The general assembly hereby finds and declares that:   Due to changes in federal law, the department shall no longer be involved in student loans that are guaranteed by the federal government;    There are a number of employees of the division that are involved in originating, disbursing, servicing, and administering student loans that are guaranteed by the federal government; and    It is in the best interest of the state for the department to prepare and submit to the general assembly a restructuring plan to deal with the changes in administering student loans.       On or before January 1, 2011, the department shall prepare and submit to the education committees of the senate and the house of representatives, or any successor committees, a restructuring plan to deal with changes in administering student loans. The plan shall address, but need not be limited to, the following issues:   Any ongoing or future role for the Colorado student obligation bond authority;    Whether the division should continue to originate, disburse, service, guarantee, and administer student loans;    If the division does not continue administering student loans, the entity that should be responsible for such administration and the authority that entity may need;    The number of employees necessary to administer student loans; and    The employment of persons who formerly were responsible for administering student loans guaranteed by the federal government.        History. Source: L. 2010: Entire section added, (HB 10-1428), ch. 390, p. 1827, § 1, effective June 9.
CO Code § 23-3.1-106.5 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-106.5. Special Funds

  The division may create a special fund into which any funds borrowed from any person, corporation, financial institution, state or federal authority, political subdivision, or state or federal agency pursuant to the provisions of section 23-3.1-104.5 (1) may be deposited. (1.5) Repealed.    All moneys deposited or paid into any special fund established by this section shall be continuously available and are hereby appropriated to the division to be expended in accordance with the provisions of this article. Any income from the investment of this special fund shall be deposited in such fund.     History. Source: L. 81: Entire section amended, p. 1089, § 6, effective May 29. L. 84: Entire section amended, p. 621, § 10, effective April 10. L. 85: (1) amended and (1.5) repealed, p. 775, §§ 8, 10, effective April 5.
CO Code § 23-3.1-108 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-108. Age Qualification

 Any person otherwise qualifying for a student loan shall not be disqualified to receive a student loan under the Colorado student loan program by reason of being under the age of eighteen years. For the purpose of applying for, receiving, and repaying a student loan, any person shall be deemed to have full legal capacity to act and shall have all the rights, powers, privileges, and obligations of a person of legal age with respect thereto.   History. Source: L. 79: Entire article added, p. 812, § 1, effective July 1. L. 84: Entire section amended, p. 622, § 12, effective April 10. L. 2004: Entire section amended, p. 578, § 39, effective July 1. L. 2006: Entire section amended, p. 513, § 8, effective July 1.
CO Code § 23-3.1-109 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-109. Subject to Audit

 The Colorado student loan program shall be audited annually by the state auditor.   History. Source: L. 79: Entire article added, p. 812, § 1, effective July 1. L. 81: Entire section amended, p. 341, § 4, effective March 27. L. 84: Entire section amended, p. 622, § 13, effective April 10. L. 96: Entire section amended, p. 1238, § 83, effective August 7. L. 99: Entire section amended, p. 849, § 3, effective May 24. L. 2004: Entire section amended, p. 578, § 40, effective July 1. L. 2006: Entire section amended, p. 513, § 9, effective July 1.    Cross references:   For the legislative declaration contained in the 1996 act amending this section, see section 1 of chapter 237, Session Laws of Colorado 1996.
CO Code § 23-3.1-110 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-110. Designation as Sole State Agency

 The division is the agency authorized to enter into contracts concerning the programs established by Title IV, Part B of the federal “Higher Education Act of 1965”, 20 U.S.C. 1071, as amended. To the extent any fiscal policies required by the federal “Higher Education Act of 1965”, 20 U.S.C. 1071, as amended, are in conflict with state fiscal policies, the division shall comply with the required federal policies.   History. Source: L. 79: Entire article added, p. 812, § 1, effective July 1. L. 2004: Entire section amended, p. 578, § 37, effective July 1.
CO Code § 23-3.1-111 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-111. Authority of Division to Enter Into Agreements to Provide Administrative and Guarantee Services

  The division is hereby authorized to enter into contracts or other agreements or both contracts and other agreements with private or public entities to make, originate, disburse, or service guaranteed student loans, educational loans, and student loans. Such authorization includes but shall not be limited to the power to enter into agreements with collegeinvest, established by part 2 of this article, to make, originate, disburse, or service “institutional loans” and “student obligations” as those terms are defined in section 23-3.1-202, whether or not such “institutional loans” and “student obligations” are eligible for federal reinsurance as authorized by Title IV, Part B of the federal “Higher Education Act of 1965”, as amended.    The division may enter into contracts or other agreements or both contracts and other agreements with private or public entities to guarantee or reinsure student loans or educational loans which may include but not be limited to guaranteeing or reinsuring the “institutional loans” or “student obligations” as those terms are defined in section 23-3.1-202.    No guarantee or reinsurance agreement made by the division pursuant to subsection (2) of this section shall constitute or become an indebtedness, a debt, or a liability of the state, nor shall such loan guarantee constitute the giving, pledging, or loaning of the full faith and credit of the state.    All income and interest thereon earned pursuant to the exercise of the power established in subsections (1) and (2) of this section are continuously available and are hereby appropriated to the division and may be used to pay the operating expenses thereof, or a portion of such income or interest may be deposited into any applicable reserve or guarantee account.     History. Source: L. 84: Entire section added, p. 622, § 14, effective April 10. L. 2004: (1) and (2) amended, p. 560, § 4, effective July 1.
CO Code § 23-3.1-112 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 1 - Administration of Program|§ 23-3.1-112. Authority and Power of the Division to Guarantee, Originate, Service, Make, and Purchase Consolidation Loans and Refinancing Loans

  Notwithstanding any provisions or definitions contained in this article to the contrary, the division is hereby authorized to guarantee, originate, service, make, and purchase consolidation loans and refinancing loans for all persons eligible for the consolidation and refinancing of student loans under Part B of Title IV of the federal “Higher Education Act of 1965”, as amended. For the purposes of this section, “student loans” means, notwithstanding any provisions of this article to the contrary, those loans eligible for consolidation and refinancing under the federal provisions of Part B of Title IV of the “Higher Education Act of 1965”, as amended.    The powers and duties of the division specified in section 23-3.1-104 shall also pertain to the authority of the division with respect to consolidation loans and refinancing loans under this section.     History. Source: L. 87: Entire section added, p. 845, § 2, effective February 26.
CO Code § 23-3.1-201 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 2 - Student Obligations and Institutional Loans|§ 23-3.1-201. Legislative Declaration

 The general assembly hereby declares that the availability of improved access to and choice of higher education opportunities in this state will benefit the residents of the state and that the establishment of a prepaid postsecondary education expense program will assist residents in meeting the expenses incurred in availing themselves of higher education opportunities. It is the intent of the general assembly in enacting this part 2 to create collegeinvest, which shall be a division within the department of higher education and which authority shall make or purchase student obligations and shall develop and administer a prepaid postsecondary education expense program. This part 2 shall be liberally construed to accomplish the intentions expressed in this section.   History. Source: L. 79: Entire article added, p. 812, § 1, effective July 1. L. 84: Entire section amended, p. 623, § 15, effective April 10. L. 96: Entire section amended, p. 421, § 1, effective April 22. L. 2000: Entire section amended, p. 1268, § 1, effective May 26. L. 2004: Entire section amended, p. 560, § 5, effective July 1. L. 2010: Entire section amended, (HB 10-1428), ch. 390, p. 1830, § 5, effective June 9.
CO Code § 23-3.1-204 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 2 - Student Obligations and Institutional Loans|§ 23-3.1-204. Organizational Meeting - Chairperson - Conflict of Interest

  On or before July 15, 2000, a member of the board, designated by the governor, shall call and convene the initial organizational meeting of the board after transfer of the authority to the department and shall serve as its chairperson pro tempore. At such meeting, appropriate bylaws shall be presented for adoption. The bylaws may provide for the delegation of certain powers and duties and such other matters as the authority deems proper. At such meeting, and annually thereafter, the board shall elect one of its members as chairperson and one as vice-chairperson.    The director or any other person designated by the board shall keep a record of the proceedings of the board and shall be custodian of all books, documents, and papers filed with the board and the minute books or journal of the board. Said director or other person may cause copies to be made of all minutes and other records and documents of the board and may give certificates to the effect that such copies are true copies and all persons dealing with the authority may rely on such certificates.    The board may delegate to one or more of its members or to its director such powers and duties as it may deem proper and to its director or any other person designated by the board, the power to fix the interest rates of any particular issue, subject to such limitations as shall be prescribed by the board.    (Deleted by amendment,L. 2004, p. 563, § 8, effective July 1, 2004.)    Any member of the board shall disqualify himself or herself from voting on any issue in which he or she has a conflict of interest unless such member has disclosed such conflict of interest in compliance with section 18-8-308, C.R.S.     History. Source: L. 79: Entire article added, p. 813, § 1, effective July 1. L. 84: (3) amended and (5) R&RE, pp. 624, 625, §§ 18, 19, effective April 10. L. 2000: Entire section amended, p. 1272, § 4, effective May 26. L. 2004: (3) and (4) amended, p. 563, § 8, effective July 1.
CO Code § 23-3.1-205 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 2 - Student Obligations and Institutional Loans|§ 23-3.1-205. Meetings of Board - Quorum - Expenses

  Five members of the board shall constitute a quorum. Action may be taken by the board upon the affirmative vote of a majority of the members present at any meeting at which a quorum is present. No vacancy in the membership of the board shall impair the right of a quorum to exercise all the rights and perform all the duties of the board.    Pursuant to part 4 of article 6 of title 24, C.R.S., each meeting of the board shall be open to the public. Notice of meetings shall be as provided in accordance with applicable law. One or more members of the board may participate in any board meeting and may vote on resolutions through the usage of telecommunications devices, including, but not limited to, the usage of a conference telephone or similar communications equipment. Such participation through telecommunications devices shall constitute presence in person at such meeting. Such use of telecommunications shall not supersede any requirements for public hearing otherwise provided by law. Resolutions need not be published or posted, but resolutions and all proceedings and other acts of the board shall be a public record.    Members of the board shall receive no compensation for services but shall be entitled to the necessary expenses, including traveling and lodging expenses, incurred in the discharge of their official duties. Any payments for expenses shall be paid from funds of the authority.     History. Source: L. 79: Entire article added, p. 814, § 1, effective July 1. L. 83: (2) amended, p. 785, § 1, effective April 29. L. 84: (1) amended, p. 625, § 20, effective April 10. L. 91: (2) amended, p. 901, § 2, effective April 19; (2) amended, p. 820, § 4, effective June 1. L. 2000: Entire section amended, p. 1273, § 5, effective May 26. L. 2004: (1) amended, p. 564, § 9, effective July 1.    Editor's note:   Amendments to subsection (2) in Senate Bill 91-33 and House Bill 91-1119 were harmonized.
CO Code § 23-3.1-205.3 (2021)
2021 Colorado Code|Title 23 - Postsecondary Education|Article 3.1 - Student Loan Program|Part 2 - Student Obligations and Institutional Loans|§ 23-3.1-205.3. Transfer of Property

  On May 26, 2000, all items of property, real and personal, including office furniture and fixtures, books, documents, funds and accounts, and records of the authority shall be transferred with the authority to the department of higher education, and shall remain the property of the authority.    Amounts in the existing administrative fund of the authority transferred on May 26, 2000, shall be deposited as provided in section 23-3.1-205.4. Funds of the authority held by a corporate trustee pursuant to a trust indenture shall continue to be held and invested in accordance with such trust indenture. The prepaid tuition expense fund shall be transferred to be held by the state treasury and shall be administered in accordance with the provisions of this part 2.    On and after May 26, 2000, whenever the Colorado student obligation bond authority or the board of directors of the Colorado student obligation bond authority is referred to or designated by any contract or other document or in other state statutory provisions, such reference or designation shall be deemed to apply to the authority as a division of the department of higher education pursuant to section 23-3.1-203. All contracts entered into by or on behalf of the Colorado student obligation bond authority or its board prior to May 26, 2000, are hereby validated, with the authority in the department of higher education succeeding to all rights and assuming all obligations under such contracts.    No suit, action, or other judicial or administrative proceeding lawfully commenced prior to May 26, 2000, or that could have been commenced prior to said date, by or against the Colorado student obligation bond authority, its board of directors, or any officer thereof in such officer's official capacity or in relation to the discharge of the official's duties shall abate by reason of the transfer of the authority and its board to the department of higher education.     History. Source: L. 2000: Entire section added, p. 1274, § 6, effective May 26. L. 2004: (1) and (3) amended, p. 564, § 10, effective July 1.