(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.
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.
Editor's note: Amendments to this section in Senate Bill 00-164 and House Bill 00-1276 were harmonized.
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