Colorado § 22-41-105 - Income distinguished from principal.
Full text of Colorado Colorado Revised Statutes § 22-41-105 — Income distinguished from principal., with citation guidance and answers to common questions.
§ 22-41-105. Income distinguished from principal.
(1) Any amount paid as a premium for an interest-bearing obligation in excess of the amount realized upon disposition of said obligation must be recovered as a return of principal out of interest thereafter derived from the public school fund. Such recovery must be made and recorded on a systematic basis applied consistently from year to year.
(2) Interest and income that is not distributed as specified in section 22-41-102 (3) on June 30 of any fiscal year becomes part of the principal of the public school fund.
Source: L. 73: R&RE, p. 1241, § 1. C.R.S. 1963: § 123-4-5. L. 77: Entire section amended, p. 1056, § 3, effective July 15. L. 2016: Entire section amended, (SB 16-035), ch. 250, p. 1026, § 5, effective August 10.
Cross references: For the legislative declaration in SB 16-035, see section 1 of chapter 250, Session Laws of Colorado 2016.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 22-41-105
What does Colorado Revised Statutes § 22-41-105 cover?
Section 22-41-105 ("Income distinguished from principal.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 22-41-105?
A common citation format is "Colorado Revised Statutes § 22-41-105" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 22-41-105 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.