Colorado § 26-2-1004 - Individual development account program - rules.
Full text of Colorado Colorado Revised Statutes § 26-2-1004 — Individual development account program - rules., with citation guidance and answers to common questions.
§ 26-2-1004. Individual development account program - rules.
(1) The IDA program shall provide that eligible individuals who establish individual development accounts, as set forth in section 26-2-1005, shall receive the benefit of matching moneys payable directly to the service provider at the time of the eligible individual's expenditure of the moneys in his or her individual development account for any of the following purposes:
(a) Securing postsecondary education, including but not limited to community college courses, courses at a four-year college or university, or post-college, graduate courses for either the individual or the individual's dependent;
(b) Securing postsecondary occupational training, including but not limited to vocational or trade school training for either the individual or the individual's dependent;
(c) Purchasing a home for the first time, either individually or with another family member; or
(d) Business capitalization.
(2) In addition to the purposes set forth in subsection (1) of this section, an eligible individual may expend up to ten percent of the total moneys from his or her individual development account for supportive counseling, mentoring, tutoring, or other related services as provided by sponsoring organizations and as approved by such individual development account holders.
Source: L. 2000: Entire part added, p. 1471, § 1, effective May 31.
Frequently Asked Questions About Colorado § 26-2-1004
What does Colorado Revised Statutes § 26-2-1004 cover?
Section 26-2-1004 ("Individual development account program - rules.") 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 § 26-2-1004?
A common citation format is "Colorado Revised Statutes § 26-2-1004" (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 § 26-2-1004 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.