House Bill 25-1320 Preamended

A Bill for an Act

• Page 1, Line 101Concerning the financing of public schools, and, in

• Page 1, Line 102connection therewith, making and reducing an

• Page 1, Line 103appropriation.

Bill Summary

(Note: This summary applies to this bill as introduced and does not reflect any amendments that may be subsequently adopted. If this bill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov.)

Under current law, there are 2 total program formulas to finance public schools. Absent the satisfaction of a statutorily specified condition, the first formula is scheduled to stop determining total program after the 2024-25 budget year (expiring formula), and the second formula is scheduled to determine total program beginning in the 2030-31 budget year (new formula). For the 2025-26 budget year through the 2029-30 budget year (transition period), total program is scheduled to be determined by using figures that were calculated under both the expiring formula and the new formula.

The bill:

• Extends the transition period by one year, so that it is from the 2025-26 budget year through the 2030-31 budget year; and
• Postpones the exclusive use of the new formula to determine total program until the 2031-32 budget year.
• For the 2027-28 budget year, the amount calculated under the expiring formula plus an amount equal to 45% of the difference between the amounts calculated under the new formula and the expiring formula;
• For the 2028-29 budget year, the amount calculated under the expiring formula plus an amount equal to 60% of the difference between the amounts calculated under the new formula and the expiring formula;
• For the 2029-30 budget year, the amount calculated under the expiring formula plus an amount equal to 75% of the difference between the amounts calculated under the new formula and the expiring formula; and
• For the 2030-31 budget year, the amount calculated under the expiring formula plus an amount equal to 90% of the difference between the amounts calculated under the new formula and the expiring formula.
• For the 2025-26 budget year, a school district's funded pupil count is calculated by determining the greater of the school district's pupil enrollment for the applicable budget year or the average of the school district's pupil enrollment for the applicable budget year and the immediately preceding 3 budget years; and
• For the 2026-27 budget year and each budget year thereafter, a school district's funded pupil count is calculated by determining the greater of the school district's pupil enrollment for the applicable budget year or the average of the district's pupil enrollment for the applicable budget year and the immediately preceding 2 budget years.
• If a statutorily specified condition is satisfied, and consequently for the 2026-27 budget year, a district's total program is not determined as scheduled under the transition period, then for the 2026-27 budget year, and each budget year thereafter, funded pupil count will continue to be determined by the greater of the school district's pupil enrollment for the applicable budget year or the average of the school district's pupil enrollment for the applicable budget year and the immediately preceding 3 budget years; and
• If, for the 2027-28 budget year, the state education fund balance is projected to be less than $200 million, then the general assembly is required to implement a smoothing factor or the funded pupil count will be determined by the greater of the school district's pupil enrollment for the applicable budget year or the average of the school district's pupil enrollment for the applicable budget year and the immediately preceding budget year for the 2027-28 budget year and each budget year thereafter.
• Increases the statewide base per pupil funding for the 2025-26 budget year by $195.42 to account for inflation;
• Sets a new statewide base per pupil funding amount for the 2025-26 budget year at $8,691.80; and
• Sets the total program funding for the 2025-26 budget year for all school districts and institute charter schools to at least $10,035,615,917.80.

The bill changes how each school district's and institute charter school's annual total program is determined during the transition period. For the 2025-26 and 2026-27 budget years, each school district's and institute charter school's annual total program is the greater of the school district's or institute charter school's total program for the 2024-25 budget year or the amount calculated under the expiring formula plus an amount equal to 15% in 2025-26 and 30% in 2026-27 of the difference between the amounts calculated under the new formula and the expiring formula. For the 2027-28 budget year through the 2030-31 budget year, each school district's and institute charter school's annual total program is the greater of the district's or institute charter school's calculation under the expiring formula plus 1% of that calculation, or:

Under current law, there are specified conditions that apply to the transition period. If the joint budget committee determines that a specified condition occurs in a budget year during the transition period, then for the next budget year and each budget year thereafter, the transition is suspended, and each school district's total program is determined pursuant to the calculation and determination required for the budget year when the condition occurred. For one of the existing conditions, the bill specifies that an income tax deposit to the state education fund that was made to correct an error does not count toward determining whether the condition has been satisfied.

A school district's funded pupil count is a figure that is used as a part of determining a school district's total program. Under the expiring formula, a school district's funded pupil count is calculated by determining the greater of the school district's pupil enrollment for the applicable budget year or the average of the school district's pupil enrollment for the applicable budget year and the immediately preceding 4 budget years. Under current law, the new formula calculates a school district's funded pupil count by determining the greater of the school district's pupil enrollment for the applicable budget year or the average of the school district's pupil enrollment for the applicable budget year and the immediately preceding 3 budget years.

The bill changes the new formula so that:

However:

The bill changes the expiring formula so that starting in the 2027-28 budget year, the funded pupil count used in the expiring formula is the same funded pupil count that is used in the new formula to determine a district's total program during the transition period.

The bill determines total program for the 2025-26 budget year using the formula changes in the bill. The bill:

Under current law, a new at-risk measure is required to be implemented in the 2025-26 budget year. The bill postpones the implementation of this requirement to the 2026-27 budget year.

• This Unofficial Version Includes Committee

• Amendments Not Yet Adopted on Second Reading

• Page 4, Line 1Be it enacted by the General Assembly of the State of Colorado:

• Page 4, Line 2SECTION 1.  Legislative declaration. (1)  The general assembly finds and declares that:

• Page 4, Line 3(a)  The state of Colorado is committed to ensuring that every

• Page 4, Line 4child, regardless of their socioeconomic background, geographic location,

• Page 4, Line 5or individual needs has access to a high-quality public education. In order

• Page 4, Line 6to achieve this, the state must distribute state and local funding through

• Page 4, Line 7a school finance system that is student-centered, equitable, and sustainable.

• Page 4, Line 8(b)  The general assembly reaffirms its commitment to upholding

• Page 4, Line 9the Colorado Constitution's mandate for a thorough and uniform system

• Page 4, Line 10of public education and to providing every child with the opportunity to

• Page 4, Line 11receive an adequate education. Furthermore, the general assembly

• Page 4, Line 12acknowledges the importance of continuing the increases in funding for

• Page 4, Line 13public education mandated by section 17 of article IX of the Colorado

• Page 5, Line 1Constitution, which ensures year-over-year adjustments to account for

• Page 5, Line 2inflationary pressures. If the general assembly is unable to fulfill this

• Page 5, Line 3obligation mandated by section 17 of article IX of the Colorado

• Page 5, Line 4Constitution, then a group will be formed to address the issue of how to

• Page 5, Line 5accurately track a potential shortfall to public education funding in the

• Page 5, Line 6future. This commitment is fundamental to the long-term prosperity and well-being of Colorado's future workforce and economy.

• Page 5, Line 7(c)  The new school finance formula, established by the general

• Page 5, Line 8assembly to begin in the 2025-26 school year, is designed to prioritize

• Page 5, Line 9students and equity by directing resources where they are most needed,

• Page 5, Line 10particularly toward students who face greater challenges in their academic

• Page 5, Line 11success, including those living in poverty, learning English, and who have

• Page 5, Line 12special needs. The formula recognizes the diverse needs of Colorado

• Page 5, Line 13students, including those who live in small, rural, and remote school

• Page 5, Line 14districts, who may require additional resources to overcome geographic,

• Page 5, Line 15economic, and logistical barriers to providing a world-class public education.

• Page 5, Line 16(2)  Therefore, it is the intent of the general assembly that this new

• Page 5, Line 17school finance formula is implemented in a manner that is responsive to

• Page 5, Line 18the needs of all students and school districts in Colorado while

• Page 5, Line 19maintaining the long-term financial health of the state education fund and ensuring continued funding stability for future generations of students.

• Page 5, Line 20SECTION 2.  In Colorado Revised Statutes, add 22-30.5-112.4 as follows:

• Page 5, Line 2122-30.5-112.4.  Charter school alignment with total program

• Page 5, Line 22formula. (1)  To ensure the general assembly's continued

• Page 5, Line 23commitment to implementing the new school finance formula,

• Page 6, Line 1the general assembly shall consult a statewide association

• Page 6, Line 2that represents school districts and a statewide association

• Page 6, Line 3that represents charter schools regarding the alignment of

• Page 6, Line 4charter schools into the implementation of the new school

• Page 6, Line 5finance formula. The consultation must include and consider

• Page 6, Line 6the opinions of district charter schools, institute charter

• Page 6, Line 7schools, and superintendents and chief financial officers of

• Page 6, Line 8small rural school districts, rural school districts, and suburban school districts.

• Page 6, Line 9SECTION 3.  In Colorado Revised Statutes, 22-30.5-112.2, amend (2)(a) and (3); and add (2)(c) and (5) as follows:

• Page 6, Line 1022-30.5-112.2.  Charter schools - at-risk supplemental aid -

• Page 6, Line 11definitions - legislative declaration - repeal. (2) (a)  For the 2012-13

• Page 6, Line 12budget year and each budget year thereafter through the 2024-25

• Page 6, Line 13budget year, the general assembly shall appropriate to the department

• Page 6, Line 14of education for allocation to school districts the amount calculated for

• Page 6, Line 15at-risk supplemental aid for those school districts and district charter

• Page 6, Line 16schools described in paragraph (b) of this subsection (2) subsection

• Page 6, Line 17(2)(b) of this section. For the 2025-26 budget year and the 2026-27

• Page 6, Line 18budget year, the general assembly shall appropriate to the

• Page 6, Line 19department of education for allocation to school districts the

• Page 6, Line 20amount determined for supplemental aid for those school

• Page 6, Line 21districts and district charter schools described in subsection

• Page 6, Line 22(2)(c) of this section. The at-risk supplemental aid is additional funding and does not supplant any other funding provided pursuant to this article.

• Page 6, Line 23(c)  For the 2025-26 budget year, each school district and

• Page 6, Line 24district charter school's at-risk supplemental aid is the same

• Page 7, Line 1amount that it received in the 2024-25 budget year. For the

• Page 7, Line 22026-27 budget year, each school district and district charter

• Page 7, Line 3school's at-risk supplemental aid is fifty percent of the amount that it received in the 2024-25 budget year.

• Page 7, Line 4(3)  If the appropriation to the department of education is

• Page 7, Line 5insufficient to fund one hundred percent of the at-risk supplemental aid

• Page 7, Line 6calculated pursuant to paragraph (b) of subsection (2) determined

• Page 7, Line 7pursuant to subsection (2) of this section, the department of education

• Page 7, Line 8shall reduce each school district's and each district charter school's at-risk supplemental aid proportionately.

• Page 7, Line 9(5)  This section is repealed, effective July 1, 2028.

• Page 7, Line 10SECTION 4.  In Colorado Revised Statutes, 22-30.5-513, amend (4.5)(a) and (4.5)(d); and add (4.5)(b.5) and (4.5)(e) as follows:

• Page 7, Line 1122-30.5-513.  Institute charter schools - funding - at-risk

• Page 7, Line 12supplemental aid - legislative declaration - definitions - repeal.

• Page 7, Line 13(4.5) (a)  For the 2012-13 budget year and each budget year thereafter

• Page 7, Line 14through the 2024-25 budget year, the general assembly shall

• Page 7, Line 15appropriate to the charter school institute the amount calculated for at-risk

• Page 7, Line 16supplemental aid pursuant to paragraph (b) of this subsection (4.5)

• Page 7, Line 17subsection (4.5)(b) of this section for each institute charter school

• Page 7, Line 18whose percentage of at-risk pupils is less than the percentage of at-risk

• Page 7, Line 19pupils in the accounting district. For the 2025-26 budget year and the

• Page 7, Line 202026-27 budget year, the general assembly shall appropriate to

• Page 7, Line 21the charter school institute for allocation to institute charter

• Page 7, Line 22schools the amount described in subsection (4.5)(b.5) of this

• Page 7, Line 23section. At-risk supplemental aid is additional funding and does not

• Page 7, Line 24supplant any other funding allocated pursuant to this section. The charter

• Page 8, Line 1school institute shall pass through one hundred percent of an institute charter school's at-risk supplemental aid to the institute charter school.

• Page 8, Line 2(b.5)  For the 2025-26 budget year, each institute charter

• Page 8, Line 3school's at-risk supplemental aid is the same amount that it

• Page 8, Line 4received in the 2024-25 budget year. For the 2026-27 budget year,

• Page 8, Line 5each institute charter school's at-risk supplemental aid is fifty

• Page 8, Line 6percent of the amount that it received in the 2024-25 budget year.

• Page 8, Line 7(d)  If the appropriation to the charter school institute is

• Page 8, Line 8insufficient to fund one hundred percent of the at-risk supplemental aid

• Page 8, Line 9calculated determined pursuant to this subsection (4.5), the charter

• Page 8, Line 10school institute shall reduce each institute charter school's at-risk supplemental aid proportionately.

• Page 8, Line 11(e)  This subsection (4.5) is repealed, effective July 1, 2028.

• SECTION 5.  In Colorado Revised Statutes, repeal 22-54-136.

• Page 8, Line 12SECTION 6.  In Colorado Revised Statutes, 22-30.5-408, amend (2)(a) as follows:

• Page 8, Line 1322-30.5-408.  Replenishment of qualified charter school debt

• Page 8, Line 14service reserve funds - additional responsibilities - state treasurer -

• Page 8, Line 15qualified charter schools - definitions. (2) (a)  If the Colorado

• Page 8, Line 16educational and cultural facilities authority has issued qualified charter

• Page 8, Line 17school bonds on behalf of any a qualified charter school that fails

• Page 8, Line 18immediately to restore its qualified charter school debt service reserve

• Page 8, Line 19fund to the applicable qualified charter school debt service reserve fund

• Page 8, Line 20requirement, the board of directors of the authority shall submit to the

• Page 8, Line 21governor a certificate certifying any the amount of money required to

• Page 8, Line 22restore the qualified charter school debt service reserve fund to the

• Page 9, Line 1applicable qualified charter school debt service reserve fund requirement.

• Page 9, Line 2The governor shall submit a request for appropriations in an amount

• Page 9, Line 3sufficient to restore any or all qualified charter school debt reserve funds

• Page 9, Line 4to their respective qualified charter school debt service reserve fund

• Page 9, Line 5requirements, and the general assembly may, but is not required to,

• Page 9, Line 6appropriate money for said that purpose. If, in its sole discretion, the

• Page 9, Line 7general assembly appropriates any money for said that purpose, the

• Page 9, Line 8aggregate outstanding principal amount of bonds for which money may

• Page 9, Line 9be appropriated for said that purpose must not exceed seven hundred fifty million one billion dollars.

• Page 9, Line 10SECTION 7.  In Colorado Revised Statutes, 22-54-103, add (1.5)(e) as follows:

• Page 9, Line 1122-54-103.  Definitions. As used in this article 54, unless the context otherwise requires:

• Page 9, Line 12(1.5) (e)  For purposes of this subsection (1.5), a pupil's

• Page 9, Line 13eligibility for free or reduced-price lunch may be demonstrated

• Page 9, Line 14by any means, including identification through an application

• Page 9, Line 15for free or reduced-price lunch pursuant to the federal

• Page 9, Line 16"Richard B. Russell National School Lunch Act", 42 U.S.C. sec.

• Page 9, Line 171751 et seq. or Colorado's participation in the demonstration

• Page 9, Line 18project operated pursuant to 42 U.S.C. sec. 1758 (b)(15) for direct certification for children receiving benefits through medicaid.

• Page 9, Line 19SECTION 8.  In Colorado Revised Statutes, 22-54-103.2, amend (2)(a) and (2)(b) as follows:

• Page 9, Line 2022-54-103.2.  District total program formula report. (2)  In its

• Page 9, Line 21report described pursuant to subsection (1) of this section, the department

• Page 9, Line 22of education shall report, at a minimum, data demonstrating:

• Page 10, Line 1(a)  The successes and challenges of determining a district's total

• Page 10, Line 2program pursuant to section 22-54-103.3 for reports concerning the

• Page 10, Line 32025-26 budget year through the 2029-30 2030-31 budget year, and the

• Page 10, Line 4successes and challenges of determining a district's total program

• Page 10, Line 5pursuant to section 22-54-103.5 for reports concerning the 2030-31 2031-32 budget year and each budget year thereafter;

• Page 10, Line 6(b)  How district total program, determined pursuant to section

• Page 10, Line 722-54-103.3 for reports concerning the 2025-26 budget year through the

• Page 10, Line 82029-30 2030-31 budget year and determined pursuant to section

• Page 10, Line 922-54-103.5 for reports concerning the 2030-31 2031-32 budget year and

• Page 10, Line 10each budget year thereafter, is being used at the school level, including

• Page 10, Line 11traditional public schools, district charter schools, and institute charter

• Page 10, Line 12schools, and information currently reported by the department of education in district performance snapshots; and

• Page 10, Line 13SECTION 9.  In Colorado Revised Statutes, 22-54-103.3, amend

• Page 10, Line 14(1)(a), (1)(c), (2), (3), (4), (5)(b)(I) introductory portion, (5)(c)(I)(C), and (6) as follows:

• Page 10, Line 1522-54-103.3.  District total program - 2025-26 through 2030-31

• Page 10, Line 16budget years - definitions - repeal. (1) (a)  Notwithstanding any

• Page 10, Line 17provision of law to the contrary, for the 2025-26 budget year through the

• Page 10, Line 182029-30 2030-31 budget year, the department of education shall

• Page 10, Line 19determine each district's total program pursuant to this section. The

• Page 10, Line 20district's total program is available to the district to fund the costs of

• Page 10, Line 21providing public education, and, except as otherwise provided in section

• Page 10, Line 2222-54-105, the district has the discretion to determine the amounts and purposes for budgeting and expending its district total program money.

• Page 10, Line 23(c)  As used in this section, "for the 2025-26 budget year through

• Page 11, Line 1the 2029-30 2030-31 budget year" means the 2025-26 budget year, the

• Page 11, Line 22026-27 budget year, the 2027-28 budget year, the 2028-29 budget year, and the 2029-30 budget year, and the 2030-31 budget year.

• Page 11, Line 3(2)  For the 2025-26 budget year through the 2029-30 2030-31

• Page 11, Line 4budget year, the department of education shall calculate each district's total program pursuant to sections 22-54-103.5 and 22-54-104.

• Page 11, Line 5(3) (a)  For the 2025-26 budget year, through the 2029-30 budget

• Page 11, Line 6year a district's total program is the greater of the district's total program

• Page 11, Line 7calculation pursuant to section 22-54-104 plus one-half percent of the

• Page 11, Line 8district's total program calculation pursuant to section 22-54-104; or

• Page 11, Line 9determination for the 2024-25 budget year plus one-half

• Page 11, Line 10percent, or the amount calculated pursuant to section 22-54-104

• Page 11, Line 11plus an amount equal to fifteen percent of the difference

• Page 11, Line 12between the district's total program calculation pursuant to

• Page 11, Line 13section 22-54-103.5 and the district's total program calculation pursuant to section 22-54-104.

• Page 11, Line 14(a)  For the 2025-26 budget year, the amount calculated pursuant

• Page 11, Line 15to section 22-54-104 plus an amount equal to eighteen percent of the

• Page 11, Line 16difference between the district's total program calculation pursuant to

• Page 11, Line 17section 22-54-103.5 and the district's total program calculation pursuant to section 22-54-104;

• Page 11, Line 18(b)  For the 2026-27 budget year, the amount calculated pursuant

• Page 11, Line 19to section 22-54-104 plus an amount equal to thirty-four percent of the

• Page 11, Line 20difference between the district's total program calculation pursuant to

• Page 11, Line 21section 22-54-103.5 and the district's total program calculation pursuant

• Page 11, Line 22to section 22-54-104 For the 2026-27 budget year, a district's total

• Page 11, Line 23program is the greater of the district's total program

• Page 12, Line 1determination for the 2024-25 budget year plus one-half

• Page 12, Line 2percent, or the amount calculated pursuant to section 22-54-104

• Page 12, Line 3plus an amount equal to thirty percent of the difference

• Page 12, Line 4between the district's total program calculation pursuant to

• Page 12, Line 5section 22-54-103.5 and the district's total program calculation pursuant to section 22-54-104.

• Page 12, Line 6(c)  For the 2027-28 budget year through the 2030-31 budget

• Page 12, Line 7year,the amount calculated pursuant to section 22-54-104 plus an

• Page 12, Line 8amount equal to fifty percent of the difference between the district's total

• Page 12, Line 9program calculation pursuant to section 22-54-103.5 and the district's

• Page 12, Line 10total program calculation pursuant to section 22-54-104 a district's

• Page 12, Line 11total program is the greater of the district's total program

• Page 12, Line 12calculation pursuant to section 22-54-104 plus one percent of

• Page 12, Line 13the district's total program calculation pursuant to section 22-54-104, or:

• Page 12, Line 14(c)  (I)  For the 2027-28 budget year, the amount calculated

• Page 12, Line 15pursuant to section 22-54-104 plus an amount equal to fifty forty-five

• Page 12, Line 16percent of the difference between the district's total program calculation

• Page 12, Line 17pursuant to section 22-54-103.5 and the district's total program calculation pursuant to section 22-54-104;

• Page 12, Line 18(d)  (II)  For the 2028-29 budget year, the amount calculated

• Page 12, Line 19pursuant to section 22-54-104 plus an amount equal to sixty-six sixty

• Page 12, Line 20percent of the difference between the district's total program calculation

• Page 12, Line 21pursuant to section 22-54-103.5 and the district's total program calculation pursuant to section 22-54-104; and

• Page 12, Line 22(e)  (III)  For the 2029-30 budget year, the amount calculated

• Page 12, Line 23pursuant to section 22-54-104 plus an amount equal to eighty-two

• Page 13, Line 1seventy-five percent of the difference between the district's total

• Page 13, Line 2program calculation pursuant to section 22-54-103.5 and the district's total program calculation pursuant to section 22-54-104; and

• Page 13, Line 3(IV)  For the 2030-31 budget year, the amount calculated

• Page 13, Line 4pursuant to section 22-54-104 plus an amount equal to ninety

• Page 13, Line 5percent of the difference between the district's total program

• Page 13, Line 6calculation pursuant to section 22-54-103.5 and the district's total program calculation pursuant to section 22-54-104.

• Page 13, Line 7(4)  For the 2024-25 budget year through the 2029-30 2030-31

• Page 13, Line 8budget year, the joint budget committee shall monitor the fiscal impact of

• Page 13, Line 9the district total program determinations pursuant to this section and the

• Page 13, Line 10fiscal impact of the transition to the total program formula pursuant to

• Page 13, Line 11section 22-54-103.5. At a minimum, the joint budget committee shall

• Page 13, Line 12consider immediate and forecasted economic conditions, the impact or

• Page 13, Line 13trend of the statewide total local share of total program funding, the

• Page 13, Line 14impact or trend of the state education fund, and any other data-driven

• Page 13, Line 15considerations necessary to ensure the sustainable transition to and

• Page 13, Line 16implementation of a new total program formula. The joint budget

• Page 13, Line 17committee and the general assembly may take action necessary to ensure

• Page 13, Line 18the sustainable transition to and implementation of a new total program

• Page 13, Line 19formula. On or after January 1, 2025, when the department of education

• Page 13, Line 20makes mid-year adjustments, the joint budget committee shall develop a

• Page 13, Line 21sustainability plan that makes findings and recommendations regarding

• Page 13, Line 22how the general assembly can fully fund total program determinations

• Page 13, Line 23pursuant to sections 22-54-103.3 and 22-54-103.5. On or after January 1,

• Page 13, Line 242026, and on or after January 1 each year thereafter, when the department

• Page 13, Line 25of education makes mid-year adjustments, the joint budget committee shall review the sustainability plan and update it as necessary.

• Page 14, Line 1(5) (b) (I)  Notwithstanding any provision of this article 54, for the

• Page 14, Line 22024-25 budget year through the 2029-30 2030-31 budget year, if the

• Page 14, Line 3joint budget committee determines that any one of the conditions described in subsection (5)(c) of this section occurred:

• Page 14, Line 4(c) (I)  The requirements described in subsection (5)(b) of this section are initiated if:

• Page 14, Line 5(C)  In either an assessment year or a non-assessment year, the

• Page 14, Line 6March revenue forecast relied on by the general assembly in setting the

• Page 14, Line 7budget for the next state fiscal year estimates that the income tax

• Page 14, Line 8diversion deposit to the state education fund, as required pursuant to

• Page 14, Line 9section 17 of article IX of the state constitution, will decrease by five

• Page 14, Line 10percent or more in either the current budget year or the next budget year.

• Page 14, Line 11If the joint budget committee determines based on forecast

• Page 14, Line 12estimates, as described in this subsection (5)(c)(I)(C), that the

• Page 14, Line 13income tax deposit to the state education fund will decrease by

• Page 14, Line 14five percent or more in either the current budget year or the

• Page 14, Line 15next budget year as a result of a correction to an error in the

• Page 14, Line 16total amount of state education fund revenues deposited as set

• Page 14, Line 17forth in section 22-55-103 (2), then this subsection (5)(c)(I)(C)

• Page 14, Line 18does not initiate the requirements of subsection (5)(b) of this section.

• Page 14, Line 19(6)  This section is repealed, effective July 1, 2031 July 1, 2032.

• Page 14, Line 20SECTION 10.  In Colorado Revised Statutes, add 22-54-103.4 as follows:

• Page 14, Line 2122-54-103.4.  Kids matter fund - definition. (1)  As used in this

• Page 14, Line 22section, unless the context otherwise requires, "fund" means the kids matter fund created in subsection (2) of this section.

• Page 15, Line 1(2) (a) (I)  The kids matter fund is created in the state

• Page 15, Line 2treasury. Beginning July 1, 2026, all state revenues collected

• Page 15, Line 3from an existing tax on three-fourths of one-tenth of one

• Page 15, Line 4percent on federal taxable income, as modified by law, of every

• Page 15, Line 5individual, estate, trust, and corporation, as defined in law, as

• Page 15, Line 6calculated pursuant to subsection (2)(b) of this section, must be deposited in the fund by the state treasurer.

• Page 15, Line 7(II)  The fund consists of money deposited into the fund

• Page 15, Line 8pursuant to subsection (2)(a)(I) of this section; any money

• Page 15, Line 9appropriated to the fund by the general assembly; and any gifts,

• Page 15, Line 10grants, or donations from any public or private sources that the department of education is authorized to seek and accept.

• Page 15, Line 11(III)  Any money not expended or encumbered, and all

• Page 15, Line 12interest earned on the investment or deposit of money in the

• Page 15, Line 13fund, remains in the fund and does not revert to the general fund or any other fund at the end of any state fiscal year.

• Page 15, Line 14(b) (I)  For the 2026-27 state fiscal year, and each state

• Page 15, Line 15fiscal year thereafter, the legislative council staff, in

• Page 15, Line 16consultation with the office of state planning and budgeting,

• Page 15, Line 17shall calculate the amount of revenues to be deposited in the

• Page 15, Line 18fund. The legislative council staff and the office of state

• Page 15, Line 19planning and budgeting shall rely on the quarterly state

• Page 15, Line 20revenue estimates issued by the legislative council staff in

• Page 15, Line 21calculating the amounts and shall update the calculations not

• Page 15, Line 22later than five days after the issuance of each quarterly state

• Page 15, Line 23revenue estimate.

• Page 16, Line 1(II)  To ensure that all fund revenues are transferred to

• Page 16, Line 2the fund and that other state revenues are not erroneously transferred to the fund:

• Page 16, Line 3(A)  No later than two days after calculating or

• Page 16, Line 4recalculating the amount of fund revenues for the applicable

• Page 16, Line 5state fiscal year, the legislative council staff, in consultation

• Page 16, Line 6with the office of state planning and budgeting, shall certify to

• Page 16, Line 7the department of revenue the amount of fund revenues that

• Page 16, Line 8the department of revenue shall transfer to the state

• Page 16, Line 9treasurer for deposit into the fund on the first business day of

• Page 16, Line 10each of the three succeeding calendar months as required by subsection (2)(b)(III) of this section;

• Page 16, Line 11(B)  Notwithstanding subsection (2)(b)(II)(A) of this

• Page 16, Line 12section, no later than May 25, 2027, and no later than May 25 of

• Page 16, Line 13each state fiscal year thereafter, the legislative council staff,

• Page 16, Line 14in consultation with the office of state planning and budgeting,

• Page 16, Line 15may certify to the department of revenue an adjusted amount

• Page 16, Line 16for any transfer to be made on the first business day of the immediately succeeding June; and

• Page 16, Line 17(C)  Subject to review by the state auditor, the legislative

• Page 16, Line 18council staff, in consultation with the office of state planning

• Page 16, Line 19and budgeting, may correct any error in the total amount of

• Page 16, Line 20revenues transferred during any state fiscal year by adjusting

• Page 16, Line 21the amount of any transfer to be made during the next state fiscal year.

• Page 16, Line 22(III)  Beginning on July 1, 2026, and on the first business

• Page 16, Line 23day of each calendar month after July 1, 2026, the department

• Page 17, Line 1of revenue shall transfer to the state treasurer for deposit

• Page 17, Line 2into the fund revenues in an amount certified to the department

• Page 17, Line 3of revenue by the legislative council staff, in consultation with

• Page 17, Line 4the office of state planning and budgeting, pursuant to subsections (2)(b)(II)(A) and (2)(b)(II)(B) of this section.

• Page 17, Line 5(c) (I)  For the 2026-27 state fiscal year through the

• Page 17, Line 62029-30 state fiscal years, the money in the fund is subject to

• Page 17, Line 7annual appropriation by the general assembly to the

• Page 17, Line 8department of education only for the purposes of funding the

• Page 17, Line 9state's share of district total program as determined pursuant to section 22-54-103.3.

• Page 17, Line 10(II)  For the 2030-31 state fiscal year and each state fiscal

• Page 17, Line 11year thereafter, the money in the fund is subject to annual

• Page 17, Line 12appropriation by the general assembly to the department of education only for the purpose of funding:

• Page 17, Line 13(A)  Statewide base per pupil funding; and

• Page 17, Line 14(B)  Total state funding for all categorical programs, as defined pursuant to section 22-55-102.

• Page 17, Line 15SECTION 11.  In Colorado Revised Statutes, 22-54-103.5,

• Page 17, Line 16amend (1)(a), (1)(c)(I), (1)(c)(III), (4),(12)(d), and (12)(e); and add(3), (13)(b.5), and (14) as follows:

• Page 17, Line 1722-54-103.5.  District total program - rules - legislative

• Page 17, Line 18declaration - repeal. (1) (a)  For the 2030-31 2031-32 budget year and

• Page 17, Line 19each budget year thereafter, the department of education shall use this

• Page 17, Line 20section to determine each district's total program. The district's total

• Page 17, Line 21program is available to the district to fund the costs of providing public

• Page 17, Line 22education, and, except as otherwise provided in section 22-54-105, the

• Page 18, Line 1district has the discretion to determine the amounts and purposes for budgeting and expending its district total program money.

• Page 18, Line 2(c) (I)  Notwithstanding any provision of law to the contrary, for

• Page 18, Line 3the 2025-26 budget year through the 2029-30 2030-31 budget year, the

• Page 18, Line 4department of education shall calculate each district's total program

• Page 18, Line 5pursuant to this section for the purpose of determining each district's total

• Page 18, Line 6program pursuant to section 22-54-103.3. The district's total program is

• Page 18, Line 7available to the district to fund the costs of providing public education,

• Page 18, Line 8and, except as otherwise provided in section 22-54-105, the district has

• Page 18, Line 9the discretion to determine the amounts and purposes for budgeting and expending its district total program money.

• Page 18, Line 10(III)  This subsection (1)(c) is repealed, effective July 1, 2031 July 1, 2032.

• Page 18, Line 11(3)  Statewide base per pupil funding. (a) (I)  For the 2025-26

• Page 18, Line 12budget year, the statewide base per pupil funding is eight

• Page 18, Line 13thousand six hundred ninety-one dollars and eighty cents

• Page 18, Line 14($8,691.80), which is an amount equal to eight thousand four

• Page 18, Line 15hundred ninety-six dollars and thirty-eight cents ($8,496.38),

• Page 18, Line 16supplemented by one hundred ninety-five dollars and forty-two cents ($195.42) to account for inflation.

• Page 18, Line 17(II)  This subsection (3)(a) is repealed, effective July 1, 2031.

• (b)  (Reserved)

• Page 18, Line 18(4)  Funded pupil count. Funded pupil count is:

• Page 18, Line 19(a) (I)  For the 2025-26 budget year, the district's online pupil

• Page 18, Line 20enrollment for the applicable budget year plus the district's supplemental

• Page 18, Line 21kindergarten enrollment for the applicable budget year plus the district's

• Page 18, Line 22extended high school pupil enrollment for the applicable budget year plus the greater of:

• Page 19, Line 1(I)  (A)  The district's pupil enrollment for the applicable budget year;

• Page 19, Line 2(II)  (B)  The average of the district's pupil enrollment for the

• Page 19, Line 3applicable budget year and the district's pupil enrollment for the immediately preceding budget year;

• Page 19, Line 4(III)  (C)  The average of the district's pupil enrollment for the

• Page 19, Line 5applicable budget year and the district's pupil enrollment for the two immediately preceding budget years; or

• Page 19, Line 6(IV)  (D)  The average of the district's pupil enrollment for the

• Page 19, Line 7applicable budget year and the district's pupil enrollment for the three immediately preceding budget years.

• Page 19, Line 8(b) (I)  (II)  Notwithstanding any provision of law to the contrary,

• Page 19, Line 9for purposes of this subsection (4)(a), of this section, a district's funded

• Page 19, Line 10pupil count includes the certified pupil enrollment and online pupil

• Page 19, Line 11enrollment of each operating institute charter school for which the district

• Page 19, Line 12is the accounting district, as provided pursuant to subsections (4)(b)(II)

• Page 19, Line 13and (4)(b)(III) subsections (4)(a)(III) and (4)(a)(IV) of this section. The

• Page 19, Line 14department of education shall add the institute charter school's certified

• Page 19, Line 15pupil enrollment and online pupil enrollment to the funded pupil count of

• Page 19, Line 16the district prior to calculating the district's total program pursuant to this section.

• Page 19, Line 17(II)  (III)  For purposes of subsection (4)(b)(I) subsection

• Page 19, Line 18(4)(a)(II) of this section, each operating institute charter school's certified pupil enrollment is the greater of:

• Page 19, Line 19(A)  The operating institute charter school's pupil enrollment for

• Page 19, Line 20the applicable budget year;

• Page 20, Line 1(B)  The average of the operating institute charter school's pupil

• Page 20, Line 2enrollment for the applicable budget year and the operating institute

• Page 20, Line 3charter school's pupil enrollment for the immediately preceding budget year;

• Page 20, Line 4(C)  The average of the operating institute charter school's pupil

• Page 20, Line 5enrollment for the applicable budget year and the operating institute

• Page 20, Line 6charter school's pupil enrollment for the two immediately preceding budget years; or

• Page 20, Line 7(D)  The average of the operating institute charter school's pupil

• Page 20, Line 8enrollment for the applicable budget year and the operating institute

• Page 20, Line 9charter school's pupil enrollment for the three immediately preceding budget years.

• Page 20, Line 10(III)  (IV)  Notwithstanding any provision of law to the contrary,

• Page 20, Line 11for purposes of subsection (4)(b)(II) subsection (4)(a)(III) of this

• Page 20, Line 12section, an operating institute charter school's pupil enrollment includes

• Page 20, Line 13its online student enrollment, except for multi-district online school student enrollment.

• Page 20, Line 14(c)  (V)  The general assembly finds and declares that for the

• Page 20, Line 15purposes of section 17 of article IX of the state constitution, averaging a

• Page 20, Line 16district's pupil enrollment for the applicable budget year and the district's

• Page 20, Line 17pupil enrollment for the three immediately preceding budget years

• Page 20, Line 18pursuant to this subsection (4) subsection (4)(a), and averaging an

• Page 20, Line 19operating institute charter school's student enrollment and online pupil

• Page 20, Line 20enrollment pursuant to this subsection (4) subsection (4)(a), is a

• Page 20, Line 21program for accountable education reform and may therefore receive

• Page 20, Line 22funding from the state education fund created in section 17 (4) of article

• Page 20, Line 23IX of the state constitution.

• Page 21, Line 1(d) (I)  (VI) (A)  Notwithstanding any provision of law to the

• Page 21, Line 2contrary, for the purposes of this subsection (4) subsection (4)(a), a

• Page 21, Line 3district's pupil enrollment for the applicable budget year and a district's

• Page 21, Line 4pupil enrollment for a preceding budget year do not include a pupil who

• Page 21, Line 5is or was enrolled in a charter school that was originally authorized by the

• Page 21, Line 6district but was subsequently converted, on or after July 1, 2010, to an

• Page 21, Line 7institute charter school or to a charter school of a district contiguous to the originally original authorizing district.

• Page 21, Line 8(II)  (B)  Notwithstanding any provision of this subsection (4)

• Page 21, Line 9subsection (4)(a) to the contrary, for the purposes of this subsection (4)

• Page 21, Line 10subsection (4)(a), if a district's funded pupil count calculated pursuant

• Page 21, Line 11to this subsection (4) subsection (4)(a), for a budget year is fewer than

• Page 21, Line 12sixty students, the district's funded pupil count for the budget year is sixty students.

• Page 21, Line 13(b) (I)  For the 2026-27 budget year, and each budget year

• Page 21, Line 14thereafter, the district's online pupil enrollment for the

• Page 21, Line 15applicable budget year plus the district's supplemental

• Page 21, Line 16kindergarten enrollment for the applicable budget year plus

• Page 21, Line 17the district's extended high school pupil enrollment for the applicable budget year plus the greater of:

• Page 21, Line 18(A)  The district's pupil enrollment for the applicable budget year;

• Page 21, Line 19(B)  The average of the district's pupil enrollment for the

• Page 21, Line 20applicable budget year and the district's pupil enrollment for the immediately preceding budget year; or

• Page 21, Line 21(C)  The average of the district's pupil enrollment for the

• Page 21, Line 22applicable budget year and the district's pupil enrollment for the two immediately preceding budget years.

• Page 22, Line 1(II)  Notwithstanding any provision of law to the

• Page 22, Line 2contrary, for purposes of this subsection (4)(b), a district's

• Page 22, Line 3funded pupil count includes the certified pupil enrollment and

• Page 22, Line 4online pupil enrollment of each operating institute charter

• Page 22, Line 5school for which the district is the accounting district, as

• Page 22, Line 6provided pursuant to subsections (4)(b)(III) and (4)(b)(IV) of this

• Page 22, Line 7section. The department of education shall add the institute

• Page 22, Line 8charter school's certified pupil enrollment and online pupil

• Page 22, Line 9enrollment to the funded pupil count of the district prior to

• Page 22, Line 10calculating the district's total program pursuant to this section.

• Page 22, Line 11(III)  For purposes of subsection (4)(b)(II) of this section,

• Page 22, Line 12each operating institute charter school's certified pupil enrollment is the greater of:

• Page 22, Line 13(A)  The operating institute charter school's pupil enrollment for the applicable budget year;

• Page 22, Line 14(B)  The average of the operating institute charter

• Page 22, Line 15school's pupil enrollment for the applicable budget year and

• Page 22, Line 16the operating institute charter school's pupil enrollment for the immediately preceding budget year; and

• Page 22, Line 17(C)  The average of the operating institute charter

• Page 22, Line 18school's pupil enrollment for the applicable budget year and

• Page 22, Line 19the operating institute charter school's pupil enrollment for the two immediately preceding budget years.

• Page 22, Line 20(IV)  Notwithstanding any provision of law to the

• Page 22, Line 21contrary, for purposes of subsection (4)(b)(III) of this section, an

• Page 23, Line 1operating institute charter school's pupil enrollment includes

• Page 23, Line 2its online student enrollment, except for multi-district online school student enrollment.

• Page 23, Line 3(V)  The general assembly finds and declares that for the

• Page 23, Line 4purposes of section 17 of article IX of the state constitution,

• Page 23, Line 5averaging a district's pupil enrollment for the applicable

• Page 23, Line 6budget year and the district's pupil enrollment for the two

• Page 23, Line 7immediately preceding budget years pursuant to this subsection

• Page 23, Line 8(4)(b), and averaging an operating institute charter school's

• Page 23, Line 9student enrollment and online pupil enrollment pursuant to

• Page 23, Line 10this subsection (4)(b), is a program for accountable education

• Page 23, Line 11reform and may therefore receive funding from the state

• Page 23, Line 12education fund created in section 17 (4) of article IX of the state constitution.

• Page 23, Line 13 (VI) (A)  Notwithstanding any provision of law to the

• Page 23, Line 14contrary, for the purposes of this subsection (4)(b), a district's

• Page 23, Line 15pupil enrollment for the applicable budget year and a district's

• Page 23, Line 16pupil enrollment for a preceding budget year do not include a

• Page 23, Line 17pupil who is or was enrolled in a charter school that was

• Page 23, Line 18originally authorized by the district but was subsequently

• Page 23, Line 19converted, on or after July 1, 2010, to an institute charter

• Page 23, Line 20school or to a charter school of a district contiguous to the original authorizing district.

• Page 23, Line 21(B)  Notwithstanding any provision of this subsection

• Page 23, Line 22(4)(b) to the contrary, for the purposes of this subsection (4)(b),

• Page 23, Line 23if a district's funded pupil count calculated pursuant to this

• Page 23, Line 24subsection (4)(b) for a budget year is fewer than sixty students,

• Page 24, Line 1the district's funded pupil count for the budget year is sixty students.

• Page 24, Line 2(c)  Notwithstanding subsections (4)(a) and (4)(b) of this

• Page 24, Line 3section, if, for the 2026-27 budget year, each district's total

• Page 24, Line 4program is not determined pursuant to section 22-54-103.3 (3)(b),

• Page 24, Line 5then funded pupil count is determined pursuant to subsection

• Page 24, Line 6(4)(a) of this section for the 2026-27 budget year and each budget year thereafter.

• Page 24, Line 7(d) (I)  Notwithstanding subsection (4)(b) of this section, if

• Page 24, Line 8the state education fund balance is projected to be less than

• Page 24, Line 9two hundred million dollars as of June 30, 2027, based on

• Page 24, Line 10information contained in the March 2027 revenue forecast

• Page 24, Line 11prepared by the legislative council staff, then for the 2027-28

• Page 24, Line 12budget year and each budget year thereafter, the general

• Page 24, Line 13assembly shall implement a smoothing factor or the funded

• Page 24, Line 14pupil count is the district's online pupil enrollment for the

• Page 24, Line 15applicable budget year plus the district's supplemental

• Page 24, Line 16kindergarten enrollment for the applicable budget year plus

• Page 24, Line 17the district's extended high school pupil enrollment for the applicable budget year plus the greater of:

• Page 24, Line 18(A)  The district's pupil enrollment for the applicable budget year; or

• Page 24, Line 19(B)  The average of the district's pupil enrollment for the

• Page 24, Line 20applicable budget year and the district's pupil enrollment for the immediately preceding budget year.

• Page 24, Line 21(I.5)  If the general assembly is required to implement a

• Page 24, Line 22smoothing factor pursuant to subsection (4)(d)(I) of this section,

• Page 25, Line 1then prior to the smoothing factor's implementation, the

• Page 25, Line 2general assembly shall consult a statewide association that

• Page 25, Line 3represents school districts regarding the development and

• Page 25, Line 4implementation of a smoothing factor. The consultation must

• Page 25, Line 5include and consider the opinions of superintendents and chief

• Page 25, Line 6financial officers of small rural school districts, rural school districts, suburban school districts, and urban school districts.

• Page 25, Line 7(II)  Notwithstanding any provision of law to the

• Page 25, Line 8contrary, for purposes of this subsection (4)(d), a district's

• Page 25, Line 9funded pupil count includes the certified pupil enrollment and

• Page 25, Line 10online pupil enrollment of each operating institute charter

• Page 25, Line 11school for which the district is the accounting district, as

• Page 25, Line 12provided pursuant to subsections (4)(d)(III) and (4)(d)(IV) of this

• Page 25, Line 13section. The department of education shall add the institute

• Page 25, Line 14charter school's certified pupil enrollment and online pupil

• Page 25, Line 15enrollment to the funded pupil count of the district prior to

• Page 25, Line 16calculating the district's total program pursuant to this section.

• Page 25, Line 17(III)  For purposes of subsection (4)(d)(II) of this section,

• Page 25, Line 18each operating institute charter school's certified pupil enrollment is the greater of:

• Page 25, Line 19(A)  The operating institute charter school's pupil enrollment for the applicable budget year; or

• Page 25, Line 20(B)  The average of the operating institute charter

• Page 25, Line 21school's pupil enrollment for the applicable budget year and

• Page 25, Line 22the operating institute charter school's pupil enrollment for

• Page 25, Line 23the immediately preceding budget year.

• Page 26, Line 1(IV)  Notwithstanding any provision of law to the

• Page 26, Line 2contrary, for purposes of subsection (4)(d)(III) of this section, an

• Page 26, Line 3operating institute charter school's pupil enrollment includes

• Page 26, Line 4its online student enrollment, except for multi-district online school student enrollment.

• Page 26, Line 5(V) (A)  Notwithstanding any provision of law to the

• Page 26, Line 6contrary, for the purposes of this subsection (4)(d), a district's

• Page 26, Line 7pupil enrollment for the applicable budget year does not

• Page 26, Line 8include a pupil who is or was enrolled in a charter school that

• Page 26, Line 9was originally authorized by the district but was subsequently

• Page 26, Line 10converted, on or after July 1, 2010, to an institute charter

• Page 26, Line 11school or to a charter school of a district contiguous to the original authorizing district.

• Page 26, Line 12(B)  Notwithstanding any provision of this subsection

• Page 26, Line 13(4)(d) to the contrary, for the purposes of this subsection (4)(d),

• Page 26, Line 14if a district's funded pupil count calculated pursuant to this

• Page 26, Line 15subsection (4)(d) for a budget year is fewer than sixty students,

• Page 26, Line 16the district's funded pupil count for the budget year is sixty students.

• Page 26, Line 17(e)  If the department of education determines that a

• Page 26, Line 18district's pupil enrollment or operating institute charter

• Page 26, Line 19school's pupil enrollment for a preceding budget year included

• Page 26, Line 20pupils who were not reported as multi-district online pupils, but

• Page 26, Line 21were determined by the department of education to have been

• Page 26, Line 22educated in a setting that was equivalent to a multi-district

• Page 26, Line 23online program, the department of education shall use the

• Page 26, Line 24adjusted district pupil enrollment or operating institute

• Page 27, Line 1charter school's pupil enrollment for that preceding budget

• Page 27, Line 2year when determining funded pupil count pursuant to this subsection (4).

• Page 27, Line 3(12)  District locale factor funding. (d)  A district's classification,

• Page 27, Line 4as described pursuant to subsection (12)(b) or (12)(c) of this section, is

• Page 27, Line 5determined by the latest classifications or classification criteria issued by

• Page 27, Line 6the national center for education statistics in the institute of education

• Page 27, Line 7sciences of the United States department of education education's

• Page 27, Line 8latest classification criteria or the classification criteria

• Page 27, Line 9issued immediately prior to the latest classification criteria, whichever is the greater percentage.

• Page 27, Line 10(e) (I)  Notwithstanding subsection (12)(d) of this section, if a

• Page 27, Line 11district does not align with a classification issued by the national center

• Page 27, Line 12for education statistics, the department of education shall designate the

• Page 27, Line 13district's locale factor based on considerations that align it with a similarly

• Page 27, Line 14situated district that has a classification issued by the national center for

• Page 27, Line 15education statistics. If the department of education is required to

• Page 27, Line 16designate the district's locale factor pursuant to this subsection (12)(e), the

• Page 27, Line 17department of education shall consult with legislative counsel staff

• Page 27, Line 18concerning the adjustment for any information necessary to make an appropriate designation.

• Page 27, Line 19(II)  For purposes of this subsection (12)(e), the department

• Page 27, Line 20may exclude from the district's funded pupil count that is used

• Page 27, Line 21to determine a district's locale factor pursuant to subsection

• Page 27, Line 22(12)(b) of this section the number of pupils on the pupil

• Page 27, Line 23enrollment count day within the applicable budget year

• Page 27, Line 24enrolled in, attending, and actively participating in a

• Page 28, Line 1multi-district online school, as defined in section 22-30.7-102, created pursuant to article 30.7 of this title 22.

• Page 28, Line 2(13)  District size factor funding. (b.5)  For purposes of

• Page 28, Line 3subsection (13)(b)(I) through (13)(b)(VI) of this section, a

• Page 28, Line 4district's funded pupil count does not include the number of

• Page 28, Line 5pupils, on the pupil enrollment count day within the applicable

• Page 28, Line 6budget year, the number of pupils enrolled in, attending, and

• Page 28, Line 7actively participating in a multi-district online school, as

• Page 28, Line 8defined in section 22-30.7-102, created pursuant to article 30.7 of this title 22.

• Page 28, Line 9(14)  Total program funding. (a) (I)  For the 2025-26 budget

• Page 28, Line 10year, the department of education and the staff of the

• Page 28, Line 11legislative council shall determine, based on budget

• Page 28, Line 12projections, the amount to ensure that for the 2025-26 budget

• Page 28, Line 13year, the sum of total program funding for all districts,

• Page 28, Line 14including funding for institute charter schools, is at least

• Page 28, Line 15ten billion thirty-five million seven hundred ten thousand eight

• Page 28, Line 16hundred sixteen dollars ($10,035,710,816); except that the

• Page 28, Line 17department of education and the staff of the legislative council

• Page 28, Line 18shall make mid-year revisions to replace projections with

• Page 28, Line 19actual figures, including actual pupil enrollment, assessed

• Page 28, Line 20valuations, and specific ownership tax revenue from the prior

• Page 28, Line 21year, to determine any necessary changes in the amount to maintain total program funding for the applicable budget year.

• Page 28, Line 22(II)  This subsection (14)(a) is repealed, effective July 1, 2031.

• Page 28, Line 23(b)  (Reserved)

• Page 29, Line 1SECTION 12.  In Colorado Revised Statutes, 22-54-104, amend (1)(c)(I) and (8); and add (7)(i) and (7)(j) as follows:

• Page 29, Line 222-54-104.  District total program - legislative declaration -

• Page 29, Line 3definitions - repeal. (1) (c) (I)  Notwithstanding any provision of law to

• Page 29, Line 4the contrary, for the 2025-26 budget year through the 2029-30 2030-31

• Page 29, Line 5budget year, the department of education shall calculate each district's

• Page 29, Line 6total program pursuant to this section for the purpose of determining each

• Page 29, Line 7district's total program pursuant to section 22-54-103.3. The district's total

• Page 29, Line 8program is available to the district to fund the costs of providing public

• Page 29, Line 9education, and, except as otherwise provided in section 22-54-105, the

• Page 29, Line 10district has the discretion to determine the amounts and purposes for budgeting and expending its district total program money.

• Page 29, Line 11(7) (i)  Notwithstanding any provision of this subsection

• Page 29, Line 12(7), for the 2027-28 budget year and each budget year

• Page 29, Line 13thereafter, when calculating each district's total program

• Page 29, Line 14pursuant to this section for the purpose of determining a

• Page 29, Line 15district's total program pursuant to section 22-54-103.3, the

• Page 29, Line 16department of education shall use the same funded pupil count

• Page 29, Line 17that it uses pursuant to section 22-54-103.5 (4) for the purpose of

• Page 29, Line 18determining a district's total program pursuant to section 22-54-103.3.

• Page 29, Line 19(j)  If the department of education determines that a

• Page 29, Line 20district's pupil enrollment or operating institute charter

• Page 29, Line 21school's pupil enrollment for a preceding budget year included

• Page 29, Line 22pupils who were not reported as multi-district online pupils, but

• Page 29, Line 23were determined by the department of education to have been

• Page 29, Line 24educated in a setting that was equivalent to a multi-district

• Page 30, Line 1online program, the department of education shall use the

• Page 30, Line 2adjusted district pupil enrollment or operating institute

• Page 30, Line 3charter school's pupil enrollment for that preceding budget

• Page 30, Line 4year when determining funded pupil count pursuant to this subsection (7).

• Page 30, Line 5(8)  This section is repealed, effective July 1, 2031 July 1, 2032.

• Page 30, Line 6SECTION 13.  In Colorado Revised Statutes, 22-54-104.6,

• Page 30, Line 7amend(1)(a) introductory portion, (1)(b), and (12); and add (1.5) as follows:

• Page 30, Line 822-54-104.6.  Implementation of at-risk measure - legislative

• Page 30, Line 9declaration - definitions - repeal. (1) (a)  The general assembly finds

• Page 30, Line 10and declares that implementing a new an improved at-risk measure for

• Page 30, Line 11identifying students who are at risk of below-average academic

• Page 30, Line 12performance because of socioeconomic disadvantages or poverty will benefit Colorado students by:

• Page 30, Line 13(b)  Therefore, it is the intent of the general assembly to create a

• Page 30, Line 14working group convened by the commissioner of education to determine

• Page 30, Line 15how to construct and implement the new continuously improve the

• Page 30, Line 16construction and implementation of the at-risk measure for use in the state's public school funding formula.

• Page 30, Line 17(1.5) (a)  In order to account for students who are at-risk

• Page 30, Line 18of below-average academic performance and education

• Page 30, Line 19outcomes because of socioeconomic disadvantages or poverty,

• Page 30, Line 20but who may not qualify for free or reduced price lunch, the

• Page 30, Line 21department of education shall collect data necessary to identify individual student census block groups.

• Page 30, Line 22(b)  Notwithstanding subsection (1.5)(a) of this section, the

• Page 31, Line 1state board may promulgate rules that direct the department

• Page 31, Line 2of education to suspend the collection of data pursuant to

• Page 31, Line 3subsection (1.5)(a) of this section, if the collected data indicates

• Page 31, Line 4that the student population identified in subsection (1.5)(a) of

• Page 31, Line 5this section is substantially similar to the at-risk student

• Page 31, Line 6population that is identified through free and reduced price

• Page 31, Line 7lunch and direct certification. The state board may also

• Page 31, Line 8promulgate rules that direct the department of education to

• Page 31, Line 9re-start the collection of data pursuant to subsection (1.5)(a) of this section, after a suspension of data collection.

• Page 31, Line 10(12)  Subsections (4) to (11) (2) to (11.7) of this section are repealed, effective July 1, 2025.

• Page 31, Line 11SECTION 14.  In Colorado Revised Statutes, 22-41-102, amend (3)(i)(IV), (3)(j)(IV), and (3)(k)(III) as follows:

• Page 31, Line 1222-41-102.  Fund inviolate. (3) (i)  For the 2024-25 state fiscal

• Page 31, Line 13year, interest and income earned on the investment of the money in the public school fund must be used or credited as follows:

• Page 31, Line 14(IV)  Any additional interest and income remaining in the public

• Page 31, Line 15school fund may be credited as specified by the general assembly, taking

• Page 31, Line 16into consideration the recommendations of the public school fund

• Page 31, Line 17investment board described in section 22-41-102.5 (4)(a)(III), or, if not

• Page 31, Line 18credited pursuant to this subsection (3)(i)(IV), remains in the public

• Page 31, Line 19school fund is credited to the public school capital construction assistance fund pursuant to section 22-43.7-104 (2)(d.5).

• Page 31, Line 20(j)  For the 2025-26 state fiscal year, interest and income earned on

• Page 31, Line 21the investment of the money in the public school fund must be used or

• Page 31, Line 22credited as follows:

• Page 32, Line 1(IV)  Any additional interest and income remaining in the public

• Page 32, Line 2school fund may be credited as specified by the general assembly, taking

• Page 32, Line 3into consideration the recommendations of the public school fund

• Page 32, Line 4investment board described in section 22-41-102.5 (4)(a)(III), or, if not

• Page 32, Line 5credited pursuant to this subsection (3)(j)(IV), remains in the public

• Page 32, Line 6school fund is credited to the public school capital construction assistance fund pursuant to section 22-43.7-104 (2)(d.5).

• Page 32, Line 7(k)  For the 2026-27 state fiscal year and each state fiscal year

• Page 32, Line 8thereafter, interest and income earned on the investment of the money in the public school fund must be used or credited as follows:

• Page 32, Line 9(III)  Any additional interest and income remaining in the public

• Page 32, Line 10school fund may be credited as specified by the general assembly, taking

• Page 32, Line 11into consideration the recommendations of the public school fund

• Page 32, Line 12investment board described in section 22-41-102.5 (4)(a)(III), or, if not

• Page 32, Line 13credited pursuant to this subsection (3)(k)(III), remains in the public

• Page 32, Line 14school fund is credited to the public school capital construction assistance fund pursuant to section 22-43.7-104 (2)(d.5).

• Page 32, Line 15SECTION 15.  In Colorado Revised Statutes, 22-43.7-104, amend (1) and (2)(d)(I); and add(2)(d.5) and(7) as follows:

• Page 32, Line 1622-43.7-104.  Public school capital construction assistance fund

• Page 32, Line 17- creation - crediting of money to fund - use of fund - emergency

• Page 32, Line 18reserve - creation - reserve account - creation and use - definition -

• Page 32, Line 19report. (1) (a)  The public school capital construction assistance fund is

• Page 32, Line 20hereby created in the state treasury. Subject to the limitation set

• Page 32, Line 21forth in subsection (1)(b)(I) of this section, the principal of the

• Page 32, Line 22assistance fund shall consist consists of all moneys money transferred

• Page 32, Line 23or credited to the assistance fund pursuant to subsection (2) of this

• Page 33, Line 1section. Except as otherwise provided in subsection (1)(b)(I) of this

• Page 33, Line 2section, all interest and income earned on the deposit and investment of

• Page 33, Line 3moneys money in the assistance fund shall be is credited to the assistance

• Page 33, Line 4fund and shall not be is not transferred to the general fund or any other fund at the end of any fiscal year.

• Page 33, Line 5(b) (I) (A)  For the 2024-25 state fiscal year, and each state

• Page 33, Line 6fiscal year thereafter, the total amount of revenue credited in

• Page 33, Line 7the state fiscal year to the assistance fund pursuant to this

• Page 33, Line 8section must not exceed one hundred fifty million dollars,

• Page 33, Line 9which amount must be annually adjusted for inflation for each state fiscal year thereafter.

• Page 33, Line 10(B)  For the 2024-25 state fiscal year, and each state fiscal

• Page 33, Line 11year thereafter, the state treasurer shall credit to the state

• Page 33, Line 12public school fund created in section 22-54-114 (1) any amount of

• Page 33, Line 13revenue that exceeds in the state fiscal year one hundred fifty

• Page 33, Line 14million dollars, as adjusted annually for inflation for state

• Page 33, Line 15fiscal years commencing on or after July 1, 2025, that otherwise

• Page 33, Line 16would be credited to the assistance fund pursuant to this section.

• Page 33, Line 17(II)  Notwithstanding subsection (1)(b)(I) of this section,

• Page 33, Line 18the total amount of revenue described in subsection (1)(b)(I) of

• Page 33, Line 19this section does not include money credited to the assistance fund pursuant to subsection (2)(d.5) of this section.

• Page 33, Line 20(III)  As used in this subsection (1)(b), "inflation" means the

• Page 33, Line 21annual percentage increase in the United States department of

• Page 33, Line 22labor's bureau of labor statistics consumer price index, or a

• Page 33, Line 23successor index, for Denver-Aurora-Lakewood for all items paid for by urban consumers.

• Page 34, Line 1(2) (d) (I) (A)  For the state fiscal year commencing July 1, 2018,

• Page 34, Line 2the state treasurer, as provided in section 39-28.8-305 (1)(a), shall credit

• Page 34, Line 3to the assistance fund the greater of the first forty million dollars received

• Page 34, Line 4and collected from the excise tax on retail marijuana imposed pursuant to

• Page 34, Line 5part 3 of article 28.8 of title 39 or ninety percent of the money received

• Page 34, Line 6and collected from the tax. For the state fiscal year commencing July 1,

• Page 34, Line 72019, and for each state fiscal year thereafter except for the state fiscal

• Page 34, Line 8year commencing July 1, 2020, the state treasurer, as provided in section

• Page 34, Line 939-28.8-305 (1)(a), shall annually credit to the assistance fund all of the

• Page 34, Line 10money received and collected from the excise tax on retail marijuana

• Page 34, Line 11imposed pursuant to part 3 of article 28.8 of title 39. For the state fiscal

• Page 34, Line 12year commencing July 1, 2020, the state treasurer, as provided in section

• Page 34, Line 1339-28.8-305 (1)(a), shall credit to the assistance fund the lesser of the first

• Page 34, Line 14forty million dollars received and collected from the excise tax on retail

• Page 34, Line 15marijuana imposed pursuant to part 3 of article 28.8 of title 39 or all of

• Page 34, Line 16the money received and collected from the tax. For state fiscal years

• Page 34, Line 17commencing before July 1, 2019, the state treasurer shall credit twelve

• Page 34, Line 18and five-tenths percent of the amount annually credited pursuant to this

• Page 34, Line 19subsection (2)(d) to the charter school facilities assistance account, which

• Page 34, Line 20account is created within the assistance fund. For each state fiscal year

• Page 34, Line 21commencing on or after July 1, 2019, the state treasurer shall credit to the

• Page 34, Line 22charter school facilities assistance account a percentage of the amount

• Page 34, Line 23credited pursuant to this subsection (2)(d) that is equal to the percentage

• Page 34, Line 24of pupil enrollment, as defined in section 22-54-103 (10), statewide

• Page 34, Line 25represented by pupils who were enrolled in charter schools for the prior

• Page 34, Line 26school year. The department of education shall notify the state treasurer

• Page 35, Line 1of the applicable percentage no later than June 1 of the immediately

• Page 35, Line 2preceding fiscal year For the state fiscal year commencing July 1,

• Page 35, Line 32019, and for each state fiscal year thereafter, the state

• Page 35, Line 4treasurer, as provided in section 39-28.8-305 (1)(a), shall

• Page 35, Line 5annually credit to the assistance fund all of the money

• Page 35, Line 6received and collected from the excise tax on retail marijuana

• Page 35, Line 7imposed pursuant to part 3 of article 28.8 of title 39, subject to the limitation set forth in subsection (1)(b)(I) of this section.

• Page 35, Line 8(B)  There is created within the assistance fund the

• Page 35, Line 9charter school facilities assistance account. For the 2019-20

• Page 35, Line 10state fiscal year, and each state fiscal year thereafter, the

• Page 35, Line 11state treasurer shall credit to the charter school facilities

• Page 35, Line 12assistance account a percentage of the amount credited

• Page 35, Line 13pursuant to this subsection (2)(d) that is equal to the

• Page 35, Line 14percentage of pupil enrollment, as defined in section 22-54-103,

• Page 35, Line 15statewide represented by pupils who were enrolled in charter

• Page 35, Line 16schools for the prior school year. The department of education

• Page 35, Line 17shall notify the state treasurer of the applicable percentage no later than June 1 of the immediately preceding state fiscal year.

• Page 35, Line 18(d.5)  For the 2024-25 state fiscal year and each state

• Page 35, Line 19fiscal year thereafter, the state treasurer shall credit to the

• Page 35, Line 20assistance fund the additional interest and income remaining in

• Page 35, Line 21the public school fund pursuant to section 22-41-102 (3)(i)(IV), (3)(j)(IV), and (3)(k)(III).

• Page 35, Line 22(7)  In its budget request submitted to the joint budget

• Page 35, Line 23committee each November 1, the office of state planning and

• Page 35, Line 24budgeting shall report the amount of revenue that was credited

• Page 36, Line 1to the state public school fund for the prior state fiscal year

• Page 36, Line 2pursuant to subsection (1)(b) of this section. The joint budget

• Page 36, Line 3committee must consider the amount of revenue that was

• Page 36, Line 4credited to the state public school fund and whether to

• Page 36, Line 5continue crediting money to the state public school fund pursuant to subsection (1)(b) of this section.

• Page 36, Line 6SECTION 16.  In Colorado Revised Statutes, 22-7-1209, amend (7) as follows:

• Page 36, Line 722-7-1209.  State board - rules - department - duties.

• Page 36, Line 8(7)  Beginning in the 2019-20 budget year, the department shall contract

• Page 36, Line 9with an entity to develop and implement a public information campaign

• Page 36, Line 10to emphasize the importance of learning to read by third grade and to

• Page 36, Line 11highlight the local education providers that are achieving high

• Page 36, Line 12percentages of third-grade students who demonstrate reading competency.

• Page 36, Line 13The public information campaign must be disseminated statewide and

• Page 36, Line 14must emphasize the important roles that educators and parents have in

• Page 36, Line 15teaching children to read and in providing a school and home

• Page 36, Line 16environment that promotes reading. The department is encouraged to

• Page 36, Line 17work with the public and private library agencies throughout the state in developing and implementing the public information campaign.

• Page 36, Line 18SECTION 17.  In Colorado Revised Statutes, 22-105.5-104, amend (3)(c)(I) as follows:

• Page 36, Line 1922-105.5-104.  Out-of-school time program grant program -

• Page 36, Line 20created - use of grants - funding - rules - repeal. (3) (c) (I)  For the

• Page 36, Line 212024-25, 2025-26, and 2026-27 state fiscal years, the general assembly

• Page 36, Line 22shall appropriate three million five hundred thousand dollars in each state

• Page 36, Line 23fiscal year from the general fund to the department for purposes of this

• Page 37, Line 1section. Any unexpended money remaining at the end of the

• Page 37, Line 22024-25 or 2025-26 state fiscal year from an appropriation made pursuant to this subsection (3)(c)(I):

• Page 37, Line 3(A)  May be used by the department in the2025-26 or 2026-27state fiscal years without further appropriation; and

• Page 37, Line 4(B)  Must not be used for any purpose other than the purposes of this section.

• Page 37, Line 5SECTION 18.  In Colorado Revised Statutes, 22-105.5-106, amend (1) introductory portion and (5) as follows:

• Page 37, Line 622-105.5-106.  Reporting requirements. (1)  On or before July

• Page 37, Line 71, 2025, July 1, 2026, and on or before July 1 each year thereafter in

• Page 37, Line 8which a grant is awarded, each grantee shall submit a report to the

• Page 37, Line 9department. At a minimum, the report must include the following information:

• Page 37, Line 10(5)  On or before March 31, 2026, March 31, 2027, and on or

• Page 37, Line 11before March 31 each year thereafter for the duration of the grant

• Page 37, Line 12program, the department shall submit a summarized report of information

• Page 37, Line 13provided by the eligible entities that received a grant to the education

• Page 37, Line 14committees of the senate and the house of representatives, or any successor committees.

• Page 37, Line 15SECTION 19.  In Colorado Revised Statutes, 42-1-102, amend (88) and (88.5)(a); and add (60.2) as follows:

• Page 37, Line 1642-1-102.  Definitions. As used in articles 1 to 4 of this title 42, unless the context otherwise requires:

• Page 37, Line 17(60.2)  "Multifunction school activity bus" means a motor

• Page 37, Line 18vehicle that is designed and used specifically for the

• Page 37, Line 19transportation of school children to or from a school-related

• Page 38, Line 1activity, whether the activity occurs within or outside the

• Page 38, Line 2territorial limits of a school district and whether or not the

• Page 38, Line 3activity occurs during school hours. A "multifunction school

• Page 38, Line 4activity bus" must comply with all federal motor vehicle safety

• Page 38, Line 5standards and regulations applicable to school buses, except

• Page 38, Line 6any standard or regulation requiring the installation of official traffic control devices.

• Page 38, Line 7(88)  "School bus" means a motor vehicle that is designed and used

• Page 38, Line 8specifically for the transportation of school children to or from a public

• Page 38, Line 9or private school or a school-related activity, whether the activity occurs

• Page 38, Line 10within or without outside the territorial limits of any a school district

• Page 38, Line 11and whether or not the activity occurs during school hours. "School bus"

• Page 38, Line 12does not include informal or intermittent arrangements, such as sharing

• Page 38, Line 13of actual gasoline expense or participation in a car pool, for the

• Page 38, Line 14transportation of school children to or from a public or private school or

• Page 38, Line 15a school-related activity A "school bus" must comply with all

• Page 38, Line 16federal motor vehicle safety standards and regulations applicable to school buses.

• Page 38, Line 17(88.5) (a)  "School vehicle" means a motor vehicle, including, but

• Page 38, Line 18not limited to, a school bus or multifunction school activity bus,

• Page 38, Line 19that is owned by or under contract to a public or private school and

• Page 38, Line 20operated for the transportation of school children to or from school or a school-related activity.

• Page 38, Line 21SECTION 20.  In Colorado Revised Statutes, 42-4-707, amend

• Page 38, Line 22(1)(a) introductory portion and (5) introductory portion; and add (5)(a.5) as follows:

• Page 38, Line 2342-4-707.  Certain vehicles must stop at railroad grade

• Page 39, Line 1crossings - definitions. (1) (a)  Except as otherwise provided in this

• Page 39, Line 2section, the driver of a school bus, as defined in subsection (5)(b) of this

• Page 39, Line 3section or the driver of a multifunction school activity bus, as

• Page 39, Line 4defined in subsection (5)(a.5) of this section,carrying any

• Page 39, Line 5schoolchild the driver of a vehicle carrying hazardous materials that is

• Page 39, Line 6required to be placarded in accordance with rules issued under section

• Page 39, Line 742-20-108, or the driver of a commercial vehicle, as defined in section

• Page 39, Line 842-4-235, that is transporting passengers, before crossing at grade any tracks of a railroad:

• Page 39, Line 9(5)  For the purposes of As used in this section:

• Page 39, Line 10(a.5)  "Multifunction school activity bus" means a

• Page 39, Line 11multifunction school activity bus that is required to bear on

• Page 39, Line 12the front and rear of the bus the words "ACTIVITY BUS" pursuant to section 42-4-1903 (2)(a.5).

• Page 39, Line 13SECTION 21.  In Colorado Revised Statutes, 42-4-1901, amend (2)(b) as follows:

• Page 39, Line 1442-4-1901.  School buses - equipped with supplementary brake

• Page 39, Line 15retarders. (2) (b)  The general assembly encourages school districts to

• Page 39, Line 16consider installing only electromagnetic retarders or state-of-the-art

• Page 39, Line 17retarders for purposes of supplementing service brake systems of school

• Page 39, Line 18buses when such retarders are acquired on or after April 17, 1991. The

• Page 39, Line 19general assembly also encourages school districts to consider purchasing

• Page 39, Line 20only those new school buses which that are equipped with external

• Page 39, Line 21public address systems and retarders of appropriate capacity for purposes of supplementing any service brake systems of such school buses.

• Page 39, Line 22SECTION 22.  In Colorado Revised Statutes, amend 42-4-1902

• Page 39, Line 23as follows:

• Page 40, Line 142-4-1902.  School vehicle drivers - special training required.

• Page 40, Line 2On and after July 1, 1992, the driver of any a school vehicle as defined

• Page 40, Line 3in section 42-1-102 (88.5) owned or operated by or for any a school

• Page 40, Line 4district in this state shall have successfully completed training approved

• Page 40, Line 5by the department of education, concerning driving on mountainous

• Page 40, Line 6terrain, as defined in section 42-4-1901 (3)(a), and driving in adverse weather conditions.

• Page 40, Line 7SECTION 23.  In Colorado Revised Statutes, 42-4-1903, amend (1)(a), (2)(a) introductory portion, and (3); and add (2)(a.5) as follows:

• Page 40, Line 842-4-1903.  School buses - stops - signs - passing. (1) (a)  The

• Page 40, Line 9driver of a motor vehicle upon any highway, road, or street, upon meeting

• Page 40, Line 10or overtaking from either direction any school bus that has stopped, shall

• Page 40, Line 11stop the vehicle at least twenty feet before reaching the school bus if

• Page 40, Line 12visual signal lights as specified in subsection (2) of this section have been

• Page 40, Line 13actuated on the school bus. The driver shall not proceed until the visual

• Page 40, Line 14signal lights are no longer being actuated. The driver of a motor vehicle

• Page 40, Line 15shall stop when a school bus that is not required to be equipped with

• Page 40, Line 16visual signal lights by subsection (2) of this section stops to receive or discharge schoolchildren.

• Page 40, Line 17(2) (a)  Every school bus as defined in section 42-1-102 (88), other

• Page 40, Line 18than a small passenger-type vehicle having a seating capacity of not more

• Page 40, Line 19than fifteen twelve, used for the transportation of schoolchildren shall must:

• Page 40, Line 20(a.5)  Every multifunction school activity bus as defined

• Page 40, Line 21in section 42-1-102 (60.2) must bear on the front and rear of the

• Page 40, Line 22bus the words "ACTIVITY BUS" in black letters not less than

• Page 40, Line 23eight inches in height.

• Page 41, Line 1(3)  Every school bus used for the transportation of schoolchildren,

• Page 41, Line 2except those small passenger-type vehicles described in subsection (1) of

• Page 41, Line 3this section and multifunction school activity buses,shall must be

• Page 41, Line 4equipped with school bus pedestrian safety devices that comply with 49 CFR 571.131 or its successor regulation.

• Page 41, Line 5SECTION 24.  Appropriation. For the 2025-26 state fiscal year,

• Page 41, Line 6$7,009,989 is appropriated to the department of education. This

• Page 41, Line 7appropriation is from the state education fund created in section 17 (4)(a)

• Page 41, Line 8of article IX of the state constitution. To implement this act, the department may use this appropriation for at-risk supplemental aid.

• Page 41, Line 9SECTION 25.  Appropriation. For the 2025-26 state fiscal year,

• Page 41, Line 10$3,571,233 is appropriated to the department of education. This

• Page 41, Line 11appropriation is from the state education fund created in section 17 (4)(a)

• Page 41, Line 12of article IX of the state constitution. To implement this act, the

• Page 41, Line 13department may use this appropriation for state share of districts' total program funding.

• Page 41, Line 14SECTION 26.  Appropriation. For the 2025-26 state fiscal year,

• Page 41, Line 15$7,600,000 is appropriated to the department of education. This

• Page 41, Line 16appropriation is from public school capital construction assistance fund

• Page 41, Line 17created in section 22-43.7-104 (1), C.R.S. To implement this act, the

• Page 41, Line 18department may use this appropriation for public school capital construction assistance board - cash grants.

• Page 41, Line 19SECTION 27.  Appropriation - adjustments to 2025 long bill.

• Page 41, Line 20(1)  To implement this act, appropriations made in the annual general

• Page 41, Line 21appropriation act for the 2025-26 state fiscal year to the department of education are adjusted as follows:

• Page 41, Line 22(a)  The cash funds appropriation from the state education fund

• Page 42, Line 1created in section 17 (4)(a) of article IX of the state constitution for state share of districts' total program funding is decreased by$15,775,837;

• Page 42, Line 2(b)  The cash funds appropriation from the state education fund

• Page 42, Line 3created in section 17 (4)(a) of article IX of the state constitution for at-risk per pupil additional funding is decreased by $5,000,000; and

• Page 42, Line 4(c)  The cash funds appropriation from public school capital

• Page 42, Line 5construction assistance fund created in section 22-43.7-104 (1), C.R.S.,

• Page 42, Line 6for public school capital construction assistance board - cash grants is decreased by $45,648,087.

• Page 42, Line 7SECTION 28.  Safety clause. The general assembly finds,

• Page 42, Line 8determines, and declares that this act is necessary for the immediate

• Page 42, Line 9preservation of the public peace, health, or safety or for appropriations for

• Page 42, Line 10the support and maintenance of the departments of the state and state institutions.