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Colo. Rev. Stat. § 23-3.1-302 Definitions
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As used in this part 3, unless the context otherwise requires: (1) "ABLE" means achieving a better life experience, as used in the federal "Stephen Beck, Jr., Achieving a Better Life Experience Act of 2014", division B, Pub.L. 113-295, as that act amends the federal "Internal Rev…
Colo. Rev. Stat. § 23-3.1-304 Authority - purpose - powers - duties
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(1) In addition to any other powers or duties specifically granted to the authority in part 2 of this article 3.1 and in this part 3 the authority shall, as applicable to the respective program: (a) Develop and implement the college savings program and the ABLE savings program in…
Colo. Rev. Stat. § 23-3.1-305 Financial institutions - managers - purpose - selection - requirements - contracts
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(1) The authority shall implement the program through the use of one or more financial institutions to act as managers. Under the program, potential account owners may establish accounts through the program at the financial institution. (2) The authority shall solicit proposals f…
Colo. Rev. Stat. § 23-3.1-306 Accounts - contributions - withdrawals - penalties - statements
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(1) The program shall be operated through the use of accounts. A person may open an account by satisfying each of the following requirements: (a) Completing an application in the form prescribed by the financial institution and approved by the authority, and in accordance with th…