C.R.S. § 23-3.1-308

Both Colorado resident and nonresident account owners and designated beneficiaries are eligible to participate in and benefit from the college savings program. Only Colorado resident account owners and beneficiaries, and account owners and beneficiaries who are residents in any state which contracts with the authority under section 23-3.1-311 , are eligible to participate in and benefit from the ABLE savings program, unless otherwise provided under section 529A of the internal revenue code.