C.R.S. Section 22-41-105
Income distinguished from principal

(1)

Any amount paid as a premium for an interest-bearing obligation in excess of the amount realized upon disposition of said obligation must be recovered as a return of principal out of interest thereafter derived from the public school fund. Such recovery must be made and recorded on a systematic basis applied consistently from year to year.

(2)

Interest and income that is not distributed as specified in section 22-41-102 (3) on June 30 of any fiscal year becomes part of the principal of the public school fund.

Source: Section 22-41-105 — Income distinguished from principal, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-22.­pdf (accessed Dec. 24, 2024).

Green check means up to date. Up to date

Current through Fall 2024

§ 22-41-105’s source at colorado​.gov