Colorado § 31-30.5-503 - Alternative investment authority.
Full text of Colorado Colorado Revised Statutes § 31-30.5-503 — Alternative investment authority., with citation guidance and answers to common questions.
§ 31-30.5-503. Alternative investment authority.
Notwithstanding any other provision of this part 5, moneys of old hire pension plans that are not affiliated with the fire and police pension association under section 31-31-701 may be managed and invested by the trustees of such plans pursuant to the standard and other provisions for trustees set forth in the "Colorado Uniform Prudent Investor Act", article 1.1 of title 15, C.R.S. Such investments shall be audited at least biennially.
Source: L. 96: Entire article added with relocations, p. 879, § 1, effective May 23. L. 97: Entire section amended, p. 10, § 1, effective March 13. L. 2004: Entire section amended, p. 1203, § 73, effective August 4.
Editor's note: This section was formerly numbered as § 31-30-1012 (8)(a).
ANNOTATION
Annotator's note. Since § 31-30.5-503 is similar to § 31-30-1012 as it existed prior to the 1996 amendment that relocated parts 3 through 10 of article 30, a relevant case construing the provision of that section has been included in the annotations to this section.
As trustee of the fire and police members' benefit fund, fund's administrative board must, as a matter of law, insure that beneficiaries of the fund receive the appropriate level of benefits provided by the local plan and, if necessary, investigate what benefits are "appropriate". Pueblo v. Fire and Police Pension Ass'n, 827 P.2d 597 (Colo. App. 1992).
PART 6
RETIREMENT BENEFITS
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 31-30.5-503
What does Colorado Revised Statutes § 31-30.5-503 cover?
Section 31-30.5-503 ("Alternative investment authority.") 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 § 31-30.5-503?
A common citation format is "Colorado Revised Statutes § 31-30.5-503" (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 § 31-30.5-503 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.