State of Colorado

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Dave Young, State Treasurer

State of Colorado

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Higher Education Lease Purchase Financing Program Certificates of Participation, Series 2008

Official Statements

October 23, 2008

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State of Colorado Disclaimer

Site Disclaimer

This website provides information about bonds, notes, and other securities issued or secured by the State of Colorado (the “State”). Because each security may involve different sources of payment and security, different obligations (if any) of the issuer and/or any obligated person, and different limitations on such obligations, you should refer to the official statement of any particular security for additional information.

Please take a few minutes to read the Terms of Use below and indicate your acknowledgment before accessing the rest of the website. You may be tempted to click through the Terms of Use, but they are essential to understanding the information presented on this website.

Terms of Use

1. Not an Offer to Sell/Buy Securities
The information provided in this website does not constitute an offer to sell or buy securities or the solicitation of an offer to sell or buy securities and should not be relied upon to provide specific offering information in connection with any issuance, sale, resale, or remarketing of bonds, notes, or other municipal obligations.

2. Dates of Documents
Any financial document contained on this website is marked with a Dated Date and speaks only as of that Dated Date, which may be prior to the date it is posted on this website. You are cautioned not to assume that any information has been updated beyond the Dated Date unless a document expressly states that it constitutes an update of a specific portion of a document. No inference should be made that the operations of the State or related entities and/or other economic conditions have remained the same since the Dated Date. The State expressly disclaims any duty to provide an update of any document contained on this website.

3. Information is Subject to Change Without Notice and May Not Be Updated
The State is under no obligation to update any information included on this website. The information and expressions of opinion herein are subject to change without notice and the posting of information on this website does not imply that there has been no change in the affairs of the State or related entities.

4. Estimates or Other Forward-Looking Statements
The documents contained on this website may make "forward-looking statements" by using forward-looking words such as "may," "will," "should," "expects," "believes," "anticipates," "estimates," or others. You are cautioned that forward-looking statements are subject to a variety of uncertainties that could cause actual results to differ from the projected results. Because we cannot predict all factors that may affect future decisions, actions, events, policy decisions, or financial circumstances, what actually happens may be different than what is included in forward-looking statements.

5. Set Your Internet Browser to Allow for "Scripting"
This website uses "pop-up" windows prior to showing selected information. To obtain the full benefit of the information provided through this website, make sure your Internet browser is set to allow "scripting." (Most Internet browsers are preset to allow scripting, unless the user has turned off the "scripting" setting.)

6. Links to Other Websites
Links to other websites have been avoided on this website, with the exception of links to various official statements on the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access (EMMA) website. From time to time, the Bank may provide addresses of other websites to allow you independent access to other organizations whose expertise may be of value as an educational or reference tool. If you access one of these websites, remember that the Bank has not participated in the preparation, compilation, or selection of information on any other website, and assumes no responsibility or liability for the views, content, or accuracy of any other website.

7. Investment Decisions
This website is not intended to replace any information or consultation provided by a professional financial advisor. The information contained herein is not intended to be the basis of or relied upon in making an investment decision, unless specified as such. Only such specified information is posted with the intention of reaching the investing public, including bondholders, rating analysts, financial advisors, or any other members of the investment community.

8. Bond Ratings
This website includes current ratings on certain of the State of Colorado’s bonds. A rating, including any related outlook with respect to potential changes in such rating, reflects only the view of the rating agency assigning such rating and is not a recommendation to buy, sell or hold such State bonds. An explanation of the procedure and methodology used by each rating agency and the significance of the ratings may be obtained by contacting the respective rating agency. Contact information of an analyst at each rating agency is provided on the website under “Bond Ratings.” The ratings included on this website may be changed at any time and no assurance can be given that they will not be revised, downgraded, or withdrawn entirely by any such rating agencies. Any such downgrade, revision, or withdrawal of a rating may have an adverse effect on the market price of or market for such State bonds.

9. Unauthorized Use Not Permitted
The State of Colorado disclaims all responsibility for any copies, modifications, and reproductions of this website or the information it contains that are not produced by the Bank. All users of this website remain subject to these Terms of Use and Disclaimers and the general Terms of Use and Disclaimers of BondLink.

10. Other Information May Be Available
This website is provided for the user's convenience, but may not provide all information that may be of interest to investors. There may be other documents containing relevant information regarding the Bank, which may be available from other sources.

11. Use of Cookies
A cookie is a small file that a website puts on a user's hard disk and provides information on the user's visits to the website. This website uses cookies solely to determine which web page the user will be redirected to after accepting the Terms of Use. Some personally identifiable information may be stored in the cookie.

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UNDER NO CIRCUMSTANCES SHALL THE INFORMATION ON THE SITE CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION. OFFERS TO PURCHASE SECURITIES MAY BE MADE ONLY THROUGH A REGISTERED BROKER-DEALER AND THROUGH AN OFFICIAL STATEMENT.

BondLink has not prepared or developed any of the Content on the Site and the Content available on the Site with respect to any issuer is not maintained by or under the control of BondLink. The content on this Site with respect to any issuer was specifically authorized by that issuer to be communicated through this Site. BondLink has not reviewed such information in any respect and has not checked such information for accuracy, and in some cases, the information provided may not have been viewed by BondLink. The Content contained on the Site has been provided by the applicable issuer and is included for general informational purposes only and is provided without warranty of any kind and, in particular, no representation or warranty, express or implied, is made or is to be inferred as to the accuracy, reliability, timeliness or completeness of any such information. The Content presented on the Site speaks only as of the date the Content was prepared by the issuer or other third party and has not been updated since that date and as a result, may not address all factors which may be material to an investor and may contain omissions of fact or statements that are not accurate because of the passage of time or changes in facts or circumstance subsequent to the date of such Content. Consequently, no person should make any investment decision in reliance upon the Content contained on the Site. See “Terms” for the full terms of use of this website including your release of any and all claims against BondLink for use of this website.