Colorado § 23-5-115 - Loans or outstanding obligations offset.
Full text of Colorado Colorado Revised Statutes § 23-5-115 — Loans or outstanding obligations offset., with citation guidance and answers to common questions.
§ 23-5-115. Loans or outstanding obligations offset.
(1) (a) At times prescribed by the department of revenue, but not less frequently than annually, a state educational institution shall certify to the department of revenue information regarding persons who owe a loan repayment or other outstanding obligation to the institution, the amount of which has been determined to be owing as a result of a final agency determination or judicial decision pursuant to section 39-21-108 (3), C.R.S., or which has been reduced to judgment.
(b) Such information shall include the name and social security number of the person owing the debt, the amount of the debt, and any other identifying information required by the department of revenue.
(2) Upon notification by the department of revenue of amounts deposited with the state treasurer pursuant to section 39-21-108 (3), C.R.S., the state treasurer shall disburse such amounts to the appropriate state educational institution.
Source: L. 83: Entire section added, p. 793, § 2, effective June 3. L. 2002: (1)(a) amended, p. 100, § 3, effective August 7.
Frequently Asked Questions About Colorado § 23-5-115
What does Colorado Revised Statutes § 23-5-115 cover?
Section 23-5-115 ("Loans or outstanding obligations offset.") 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 § 23-5-115?
A common citation format is "Colorado Revised Statutes § 23-5-115" (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 § 23-5-115 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.