As used in this part 3, unless the context otherwise requires:
(1.5) "ABLE savings program" means the savings program established under this part 3 pursuant to section 529A of the internal revenue code.
(1.6) "Account" means an individual trust account or savings account established pursuant to this part 3.
(2.5) "Adult learner" means an account owner under the college savings program who is also the account beneficiary and who opens an account in pursuit of his or her own postsecondary educational opportunities and job retraining goals.
(3.5) "College savings program" means the college savings program established under this part 3 pursuant to section 529 of the internal revenue code.
(5.5) "Executive director" means the executive director of the department of higher education.
(5.7) "Federal ABLE act" means the "Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014", division B, Pub.L. 113-295, and any amendments to the act.
(11.5) "Qualified disability expenses" has the same meaning as that term is defined in section 529A of the internal revenue code.
Source: L. 99: Entire part added, p. 454, § 1, effective July 1. L. 2000: Entire part amended, p. 1287, § 16, effective May 26. L. 2004: (3) amended, p. 574, § 26, effective July 1. L. 2010: (2.5) added and (4) amended, (SB 10-202), ch. 396, p. 1881, § 2, effective June 9. L. 2013: (6) amended, (SB 13-154), ch. 282, p. 1487, § 66, effective July 1. L. 2015: Entire section amended, (HB 15-1359), ch. 269, p. 1047, § 3, effective June 3.
Structure Colorado Code
Title 23 - Postsecondary Education
Article 3.1 - Student Loan Program
§ 23-3.1-301. Legislative Declaration
§ 23-3.1-303. Department - Purpose - Powers - Duties
§ 23-3.1-304. Authority - Purpose - Powers - Duties
§ 23-3.1-305. Financial Institutions - Managers - Purpose - Selection - Requirements - Contracts
§ 23-3.1-306. Accounts - Contributions - Withdrawals - Penalties - Statements
§ 23-3.1-307.1. Personal Liability
§ 23-3.1-307.3. Proceeds as Trust Funds
§ 23-3.1-307.4. Claims of Creditors - Exemption
§ 23-3.1-307.5. Confidentiality of Records
§ 23-3.1-307.9. Policies for Promotion and Disclosure of Program Information