This paper reviews progress on Colorado's Postsecondary Education Master Plan which forms the policy direction of the state's higher education system. In particular it reviews the Colorado Commission on Higher Education's (CCHE) implementation of Colorado State legislative House Bill 1187 (HB1187). Each major section of the legislation is presented with background, statutory directive, CCHE response, and a summary. The review suggests that some sections might be eliminated because they are overly specific, obsolete, or no longer serve the purpose for which they were adopted. Also identified are sections that may need to be strengthened, updated, or amended. The legislation's sections include the following: (1) finance and appropriations; (2) capital construction and long-range planning; (3) program approval, review, reduction and discontinuance; (4) admission standards; (5) tuition reciprocal agreements; (6) off-campus programs; (7) systemwide planning; (8) accountability; and (9) programs of excellence. A conclusion argues that CCHE has been successful in developing policies, procedures and studies that satisfy the major directives and reinforce the goals of HB1187. This section also argues that some areas of legislation may need revision if the state's fiscal resources continue to decline and if amendments to the state's constitution force change in higher education policy. (JB)