Moneys credited to or expended from the prepaid expense trust fund by or on behalf of a purchaser or qualified beneficiary of an advance payment contract made under this part 2, which contract has not been terminated, are exempt from all claims of creditors of the purchaser, the qualified beneficiary, or the authority.
Source: L. 96: Entire section added, p. 429, § 10, effective April 22. L. 2000: Entire section amended, p. 1285, § 13, effective May 26.
Structure 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
§ 23-3.1-203. Authority - Creation - Membership - Transfer of Personnel
§ 23-3.1-204. Organizational Meeting - Chairperson - Conflict of Interest
§ 23-3.1-205. Meetings of Board - Quorum - Expenses
§ 23-3.1-205.3. Transfer of Property
§ 23-3.1-205.4. Collegeinvest Fund - Creation - Control - Use
§ 23-3.1-205.5. Collegeinvest - Enterprise Status
§ 23-3.1-205.7. Department of Higher Education - Executive Director - Powers and Duties
§ 23-3.1-206. General Powers and Duties of the Authority
§ 23-3.1-206.5. Servicing of Student Obligations and Institutional Loans
§ 23-3.1-206.7. Prepaid Expense Program
§ 23-3.1-206.9. Colorado Collegeinvest Scholarship Program - Administration - Fund - Policies
§ 23-3.1-209. Negotiability of Bonds
§ 23-3.1-210. Security for Bonds and Notes
§ 23-3.1-211. Personal Liability
§ 23-3.1-213. Payment of Bonds and Advance Payment Contracts - Limited Liability of State
§ 23-3.1-214. Exemption From Taxation - Securities Law
§ 23-3.1-216. Investment of Funds
§ 23-3.1-217. Proceeds as Trust Funds
§ 23-3.1-217.5. Claims of Creditors - Exemption
§ 23-3.1-218. Agreement of the State Not to Limit or Alter Rights of Obligees
§ 23-3.1-219. Enforcement of Rights of Bondholders
§ 23-3.1-220. Bonds Eligible for Investment
§ 23-3.1-221. Account of Activities - Receipts for Expenditures - Report - Audit
§ 23-3.1-222. Federal Social Security Act
§ 23-3.1-223. Powers of Authority Not Restricted
§ 23-3.1-225. Confidentiality of Records
§ 23-3.1-226. Policies for Promotion and Disclosure of Program Information