Colorado § 23-3.1-104.7 - Restructuring plan - legislative declaration.
Full text of Colorado Colorado Revised Statutes § 23-3.1-104.7 — Restructuring plan - legislative declaration., with citation guidance and answers to common questions.
§ 23-3.1-104.7. Restructuring plan - legislative declaration.
(1) The general assembly hereby finds and declares that:
(a) Due to changes in federal law, the department shall no longer be involved in student loans that are guaranteed by the federal government;
(b) 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
(c) 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.
(2) 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:
(a) Any ongoing or future role for the Colorado student obligation bond authority;
(b) Whether the division should continue to originate, disburse, service, guarantee, and administer student loans;
(c) 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;
(d) The number of employees necessary to administer student loans; and
(e) The employment of persons who formerly were responsible for administering student loans guaranteed by the federal government.
Source: L. 2010: Entire section added, (HB 10-1428), ch. 390, p. 1827, § 1, effective June 9.
Frequently Asked Questions About Colorado § 23-3.1-104.7
What does Colorado Revised Statutes § 23-3.1-104.7 cover?
Section 23-3.1-104.7 ("Restructuring plan - legislative declaration.") 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 § 23-3.1-104.7?
A common citation format is "Colorado Revised Statutes § 23-3.1-104.7" (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 § 23-3.1-104.7 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.