House Committee of Reference Report
Committee on Appropriations
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April 29, 2025
After consideration on the merits, the Committee recommends the following:
HB25-1186 be amended as follows, and as so amended, be referred to the Committee of the Whole with favorable recommendation:
Page 1, Line 1Amend the Education Committee Report, dated March 5, 2025, page 9,
Page 1, Line 2after line 26 insert:
Page 1, Line 3"SECTION 5. In Colorado Revised Statutes, 24-48.5-502, amend
Page 1, Line 4(3)(c), (3)(d), and (3)(f) as follows:
Page 1, Line 524-48.5-502. Universal high school scholarship program -
Page 1, Line 6established - administration - cash fund - eligibility. (3) (c) The state
Page 1, Line 7treasurer shall transfer all unexpended and unencumbered money in the
Page 1, Line 8cash fund on December 30, 2026 June 30, 2027, to the general fund.
Page 1, Line 9(d) For state fiscal year 2023-24, the general assembly shall
Page 1, Line 10appropriate twenty-five million dollars from the cash fund for the
Page 1, Line 11program. Any unexpended or unencumbered money appropriated
Page 1, Line 12pursuant to this subsection (3)(d) remains available for expenditure for
Page 1, Line 13the same purpose in the 2024-25 2025-26 state fiscal year without further
Page 1, Line 14appropriation. Except as otherwise permitted in this subsection (3), the
Page 1, Line 15office shall use the money for scholarship awards.
Page 1, Line 16(f) The office may, on or before December 31, 2023, allocate
Page 1, Line 17money from the program appropriation for the direct and indirect costs
Page 1, Line 18associated with the administration of the program; except that
Page 1, Line 19expenditures for administrative costs shall not exceed six percent of the
Page 1, Line 20total appropriation. The office shall use the money described in this
Page 1, Line 21subsection (3)(f) that was not allocated for administrative costs on or
Page 1, Line 22before December 31, 2023, for scholarship awards. Expenditures for
Page 1, Line 23the administrative costs of the program must not exceed one
Page 1, Line 24million five hundred thousand dollars.
Page 1, Line 25SECTION 6. In Colorado Revised Statutes, amend 24-48.5-506
Page 1, Line 26as follows:
Page 1, Line 2724-48.5-506. Repeal of part. This part 5 is repealed, effective
Page 2, Line 1December 31, 2026 July 1, 2027.".
Page 2, Line 2Renumber succeeding section accordingly.