Struck = removed from the bill ยท
added = the amendment's new text.
FirstSB205_H_APP.002 RegularNOT SessionAMENDED Seventy-fourthHOUSE GeneralCOMMITTEE Assembly STATE OF COLORADOREFERENCE ENGROSSEDREPORT This_______________________________ VersionApril Includes28, All2023 AmendmentsChair Adoptedof onCommittee SecondDate ReadingCommittee inon theAppropriations House. of Introduction LLS NO.
23-0943.01After Conradconsideration Imelon x2313the SENATEmerits, BILLthe 23-205Committee SENATErecommends SPONSORSHIPthe Bridgesfollowing: and Lundeen, HOUSE SPONSORSHIP Martinez and Wilson, Senate Committees House Committees Education Appropriations A BILL FOR AN ACT CONCERNING A SCHOLARSHIP PROGRAM FOR COLORADO HIGH SCHOOLGRADUATESTHATPRIORITIZESAWARDSFORSTUDENTS PURSUINGHIGH -PRIORITYPOSTSECONDARYPATHWAYS ,AND ,IN CONNECTION THEREWITH ,MAKING AN APPROPRIATION .
BillSB23-205 Summarybe (Note:referred to the Committee of the Whole with favorable recommendation.
This** summary*** applies** to*** this** bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill 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.) Thebillestablishestheuniversalhighschoolscholarshipprogram g (program) in the office of economic development (office) to provide d scholarships for the 2024-25 academic year to students who pursue an e 2 T R 2 A n 3 Shading denotes HOUSE amendment.
Double underlining denotes SENATE amendment.
E d i Capital letters or bold & italic numbers indicate new material to be added to existing law.
Dashes through the words or numbers indicate deletions from existing law.
e A A in-demand or high-priority postsecondary pathway, including degrees, certificates,andregisteredapprenticeships,withaproviderontheeligible training provider lists disseminated by the department of labor and employment, a provider in the Colorado state apprenticeship resource directory, a public or private institution of higher education operating in Colorado, or an organization approved by the office (service providers).
The office, or a vendor contracted by the office, administers the program.
The office shall develop policies and procedures necessary to administer the program.
Astudentis eligible fortheprogramif thestudentgraduatedfrom a Colorado high school or was awarded a high school equivalency credential during the 2023-24 academic year;
completes the free application for federal student aid or the Colorado application for state financial aid;
and did not receive a grant from the Colorado opportunity scholarship initiative.
Scholarships are awarded in the following priority:
To all eligible studentswhointendtoenrollataserviceprovidertopursueanin-demand or high-priority postsecondary pathway, then to other eligible students who intend to enroll at a service provider.
Each scholarship award is for upto$1,500.Scholarshipmoneyisdistributedtotheserviceproviderfor use by the student for tuition, fees, and books.
The bill requires the office to contract with vendors to provide postsecondary and career advising at schools identified by the office.
The bill requires the general assembly to appropriate $25 million for the program.
Be it enacted by the General Assembly of the State of Colorado:
SECTION1.
Legislativedeclaration.(1) Thegeneralassembly finds and declares that:
(a) Colorado has one of the most talented workforces in the country, but there are not enough workers with the skills and training needed for jobs vacant now or in the future.
There are currently two available jobs for every unemployed person in the state.
(b) Many available jobs in Colorado require a postsecondary education and training, but there are significant declines in high school graduates taking advantage of postsecondary education and training programs, with a ten percent decline from the 2019-20 academic year to -2- 205 the 2020-21 academic year;
(c) To begin to address the decline in participation in postsecondary education, Colorado must invest in homegrown talent, ensuretheskillsthatColoradansarebeingtrainedinmatchthosethatour industry partners require, and establish a deeper connection between talent development and industry needs.
Colorado must prioritize the modernization of education to be more responsive to our business needs, asColorado'sindustrypartnersareatthecenterofco-creatingtalentwith education through apprenticeship and on-the-job training to accelerate skill development and secure in-demand skills.
(d) In recent years, Colorado has seen innovative partnerships between our educational institutions and employers that have led to quality career pathways for Colorado workers, and through Opportunity Now Colorado, the state is supporting these pathways at a regional level to meet the unique economic needs of every Colorado community;
(e) The universal high school scholarship program will build on prior initiatives to support recent graduates and equivalent completers to gain the skills needed to succeed in Colorado's high-demand career pathways.
It will strengthen Colorado's workforce byhelping students to identify and execute the postsecondary path that is right for them.
(f) Theuniversalhighschoolscholarshipprogramwillsupportall Coloradans to build and follow through on a postsecondary plan by reducing financial barriers to a wide selection of postsecondary opportunities, connecting graduating seniors to college and career-planning support, and elevating pathways to Colorado's most in-demand careers, both statewide and regionally.
SECTION 2.
In Colorado Revised Statutes, add part 5 to article -3- 205 48.5 of title 24 as follows:
PART 5 UNIVERSAL HIGH SCHOOL SCHOLARSHIP PROGRAM 24-48.5-501.
Definitions.
AUSED IN THIS PAR5,UNLESS THE CONTEXT OTHERWISE REQUIRES :
(1) "ELIGIBLE STUDENT"MEANS A STUDENT WHO IS ELIGIBLE FOR A SCHOLARSHIP AS DESCRIBED IN SECTIO24-48.5-502 (4).
(2) "N-DEMANDORHIGH PRIORITYPOSTSECONDARYPATHWAYS " MEANS THE POSTSECONDARY PATHWAYS IDENTIFIED BY THE OFFICE PURSUANT TO SECTION 24-48.5-502 (2)(b).
(3) "O FFIC" MEANS THE COLORADO OFFICE OF ECONOMIC DEVELOPMENT CREATED IN SECTION 24-48.5-101.
(4) "PROGRAM " MEANS THE UNIVERSAL HIGH SCHOOL SCHOLARSHIP PROGRAM CREATED IN SECTION 24-48.5-502.
(5) "R EGIONAL ENTITY" MEANS AN ENTITY THAT RECEIVES A GRANT PURSUANT TO THE REGIONAL TALENT DEVELOPMENT INITIATIVE GRANT PROGRAM DESCRIBED IN PART 4 OF THIS ARTICL48.5.
(6) "REGISTERED APPRENTICESHIP" MEANS AN APPRENTICESHIP REGISTERED WITH THE U NITEDSTATES DEPARTMENT OF LABOR OR THE STATE APPRENTICESHIP AGENCY ESTABLISHED IN SECTION8-15.7-102.
(7) "SERVICE PROVIDER" MEANS A PROVIDER INCLUDED IN THE ELIGIBLE TRAINING PROVIDER LISTS DISSEMINATED BY THE DEPARTMENT OF LABOR AND EMPLOYMENT PURSUANT TO SECTION 8-83-225 (1)(cA, PROVIDERINCLUDEDINTHE C OLORADOSTATEAPPRENTICESHIPRESOURCE DIRECTORY CREATED PURSUANT TO SECTION 8-83-308,A PUBLIC OR PRIVATE INSTITUTION OF HIGHER EDUCATION OPERATING IC OLORADO , OR AN ENTITY APPROVED AS A SERVICE PROVIDER PURSUANT TO SECTION -4- 205 24-48.5-502 (2)(c).
24-48.5-502.
Universal high school scholarship program - established - administration - cash fundigibility.
(1) HERE IS ESTABLISHED IN THE OFFICE THE UNIVERSAL HIGH SCHOOL SCHOLARSHIP PROGRAM TO PROVIDE SCHOLARSHIPS THAT OFFSET A STUDENT S COSTS ASSOCIATED WITH POSTSECONDARY EDUCATION , A REGISTERED APPRENTICESHIP,ORTRAININGOREDUCATIONRELATEDTOANIN -DEMAND OR HIGH-PRIORITY POSTSECONDARY PATHWAY ,AT A SERVICE PROVIDE.
(b) THE OFFICE SHALL ADMINISTER THE PROGRAM OR MAY CONTRACT WITH ONE OR MORE VENDORS TO ADMINISTER THE PROGRAM .
T HE OFFICE OR VENDOR SHAL:
(I) MANAGE A STATEWIDE SCHOLARSHIP APPLICATION PROCESS AND ALL RELATED FUNCTIONS ,INCLUDING SCREENING FOR STUDENT ELIGIBILIT;
(II) AARD SCHOLARSHIPS FOR THE 2024-25ACADEMIC YEAR TO ELIGIBLE STUDENTS AS DESCRIBED IN SECTION 24-48.5-503 AND DISTRIBUTE THE SCHOLARSHIP MONEY TO THE SERVICE PROVIDER THAT HAS ENROLLED THE STUDENT FOR POSTSECONDARY EDUCATION OR ACCEPTED THE STUDENT FOR TRAINING;
(III) MANAGE A STATEWIDE COMMUNICATIONS CAMPAIGN IN PARTNERSHIP WITH REGIONAL ENTITIES TO ADVERTISE THE PROGRAM , RECRUIT APPLICANTS,AND PROVIDE TECHNICAL SUPPORT TO STUDENTS APPLYINGFORASCHOLARSHIPORNAVIGATINGPOSTSECONDARYOPTIONS ;
(IV) V ERIFY STUDENT ENROLLMENT BY COLLECTING A REPORT FROM EACH SERVICE PROVIDER ON THE STATUS OF EVERY SCHOLARSHIP RECIPIENT INTHEPROVIDER'SPROGRAMOFSTUDY WHICHMUST INCLUDE WHETHER EACH STUDENT COMPLETED THE PROGRAM OF STUDY , -5- 205 TRANSFERRED TO ANOTHER SERVICE PROVIDER , DROPPED OUT OF OR REMAINSENROLLEDINTHEPROGRAMOFSTUDY ,ORHASANOTHERSTATUS IDENTIFIEDBYTHEOFFICE ,ANDANYOTHERINFORMATIONREQUESTEDBY THE OFFICE,WHICH MUST ,WHERE AVAILABLE ,INCLUDE DEMOGRAPHIC INFORMATION ABOUT SCHOLARSHIP RECIPIENTS;AND (V) A UDIT,OR CONTRACT WITH A VENDOR TO AUDIT ,SERVICE PROVIDERS TO ENSURE THAT SERVICE PROVIDERS COMPLY WITH ALL PROGRAM RULES AND REQUIREMENTS .
(2) (a) TE OFFICE SHALL DEVELOP POLICIES AND PROCEDURES NECESSARY TO ADMINISTER THE PROGRAM .
THE POLICIES AND PROCEDURES MUST INCLUDE :
(I) A N APPLICATION PROCESS AND DEADLINES ,CRITERIA FOR IDENTIFYINGSCHOLARSHIPRECIPIENTSINACCORDANCEWITHTHEAWARD PRIORITIES DESCRIBED IN SECTI24-48.5-503 (1)(aAND A SCHEDULE FORAWARDINGSCHOLARSHIPSANDDISTRIBUTINGSCHOLARSHIPMONEY ;
(II) G UIDELINES FOR DETERMINING THE AMOUNT OF EACH SCHOLARSHIP AWARD ;
(III)A LIST OF ENTITIES IDENTIFIED BY THE REGIONAL TALENT DEVELOPMENTINITIATIVEGRANTPROGRAMDESCRIBEDINPART 4 OFTHIS ARTICLE 48.5THAT THE OFFICE DETERMINES ARE SERVICE PROVIDERS PURSUANT TO SUBSECTION (2)(c)OF THIS SECTI;AND (IV) A LIST OF IDEMAND OR HIGH -PRIORITY POSTSECONDARY PATHWAYS .
(b) THEOFFICESHALLIDENTIFYPOSTSECONDARYPATHWAYSTHAT ARE IN-DEMAND OR HIGH -PRIORIT,BOTH STATEWIDE AND IN SPECIFIC REGIONS OF THE STATE.N DETERMINING IN-DEMAND OR HIGH-PRIORITY POSTSECONDARY PATHWAYS ,THE OFFICE SHALL CONSIDER THE TOP JOBS -6- 205 LISTED IN THE MOST RECENT COLORADO TALENT REPORT PREPARED PURSUANT TO SECTION 24-46.3-10AND THE MOST RECENT VERSION OF THE STATEWIDE AND REGIONAL TOP JOBS LIST PUBLISHED BY THE C OLORADO DEPARTMENT OF HIGHER EDUCATION .
(c) THE OFFICE SHALL ESTABLISH A PROCESS TO REVIEW AND APPROVEASSERVICEPROVIDERSORGANIZATIONSTHATARENOTAPUBLIC ORPRIVATEINSTITUTIONOFHIGHEREDUCATIONOPERATINGIN COLORADO AND ARE NOT INCLUDED IN THE ELIGIBLE TRAINING PROVIDER LISTS OR THE COLORADOSTATEAPPRENTICESHIPRESOURCEDIRECTORY .INORDER TO BE APPROVED AS A SERVICE PROVIDE, AN ORGANIZATION MUST BE IDENTIFIEDBYAREGIONALENTITYANDOFFERPROGRAMSFORIN -DEMAND OR HIGH-PRIORITY POSTSECONDARY PATHWAYS .
(3) (a) TE UNIVERSAL HIGH SCHOOL SCHOLARSHIP CASH FUND, REFERREDTOINTHISSUBSECTION (3)ASTHE "CASHFUND ",ISCREATEDIN THESTATETREASURY .THECASHFUNDCONSISTSOFMONEYTRANSFERRED TOTHECASHFUNDPURSUANTTOSUBSECTION (3)(bOFTHISSECTIONAND ANYOTHERMONEYTHATTHEGENERALASSEMBLYMAYAPPROPRIATE OR TRANSFERTOTHE CASH FUND .INACCORDANCE WITHSECTION 24-36-114 (1),THE STATE TREASURER SHALL CREDIT ALL INTEREST AND INCOME DERIVED FROM THE DEPOSIT AND INVESTMENT OF MONEY IN THE CASH FUND TO THE GENERAL FUND .
UBJECT TO ANNUAL APPROPRIATION BY THE GENERAL ASSEMBLY , THE OFFICE MAY EXPEND MONEY FROM THE CASH FUND FOR PURPOSES OF THIS PAR5.
(b) ON SEPTEMBER 1, 2023,THE STATE TREASURER SHALL TRANSFER TWENTY -FIVE MILLION DOLLARS FROM THE GENERAL FUND TO THE CASH FUND.
(c) THE STATE TREASURER SHALL TRANSFER ALL UNEXPENDED -7- 205 ANDUNENCUMBEREDMONEYINTHE CASHFUNDON DECEMBER 30,2026, TO THE GENERAL FUND.
(d) FOR STATE FISCAL YEAR2023-24,THE GENERAL ASSEMBLY SHALL APPROPRIATE TWENTY -FIVE MILLION DOLLARS FROM THE CASH FUND FOR THE PROGRAM.A NY UNEXPENDEDORUNENCUMBEREDMONEY APPROPRIATED PURSUANT TO THIS SUBSECTION (3)(d) REMAINS AVAILABLE FOR EXPENDITURE FOR THE SAME PURPOSE IN THE2024-25 STATE FISCAL YEAR WITHOUT FURTHER APPROPRIATION .
EXCEPT AS OTHERWISE PERMITTED IN THIS SUBSECTION(3)THE OFFICE SHALL USE THE MONEY FOR SCHOLARSHIP AWARDS .
(e)THEOFFICESHALLUSETWOMILLIONFIVEHUNDREDTHOUSAND DOLLARS OF THE MONEY APPROPRIATED FOR THE PROGRAM FOR POSTSECONDARY AND CAREER ADVISING AS DESCRIBED IN SECTION 24-48.5-504.
(f) T HE OFFICE MAY ,ON OR BEFORE D ECEMBER 31, 2023, ALLOCATE MONEY FROM THE PROGRAM APPROPRIATION FOR THE DIRECT AND INDIRECT COSTS ASSOCIATED WITH THE ADMINISTRATION OF THE PROGRAM ;
EXCEPT THAT EXPENDITURES FOR ADMINISTRATIVE COSTS SHALL NOT EXCEED SIX PERCENT OF THE TOTAL APPROPRIATION.
THE OFFICESHALLUSETHEMONEYDESCRIBEDINTHISSUBSECTION (3)(fTHAT WAS NOT ALLOCATED FOR ADMINISTRATIVE COSTS ON OR BEFORE D ECEMBER 31, 2023FOR SCHOLARSHIP AWARDS .
(4) ASTUDENT IS ELIGIBLE FOR A SCHOLARSHIP IF THE STUD:NT (a) DURING THE 2023-24ACADEMIC YEAR ,GRADUATED FROM A C OLORADO HIGH SCHOOL OR WAS AWARDED A HIGH SCHOOL EQUIVALENCY CREDENTIAL AWARDED BY THE COLORADO DEPARTMENT OF EDUCATION;
-8- 205 (b) COMPLETESTHEFREEAPPLICATIONFORFEDERALSTUDENTAID OR THE C OLORADO APPLICATION FOR STATE FINANCIAL AID;
(c) D ID NOT RECEIVE A GRANT OR SCHOLARSHIP PURSUANT TO PART 10 OF ARTICLE3.3 OF TITLE23FOR THE 2024-25 ACADEMIC YEAR ;
AND (d) SUBMITS AN APPLICATION FOR A SCHOLARSHIP PURSUANT TO THE PROGRAM .
(5) (a) SCHOLARSHIP MONEY MAY ONLY BE USED AT A SERVICE PROVIDER .
(b) A SERVICE PROVIDER SHALL COMPLY WITH THE PROGRAM POLICIES AND PROCEDURES AND WITH ALL REPORTING REQUIREMENTS DESCRIBED IN THIS SECTION.
ASERVICE PROVIDER SHALL SUBMIT TO AN AUDITBYTHEOFFICEORVENDORCONDUCTEDPURSUANTTOSUBSECTION (1)(b)OF THIS SECTIO.
(c) THE OFFICE,OR A VENDOR CONTRACTED TO ADMINISTER THE PROGRAM ,MAY REMOVE SERVICE PROVIDERS FROM THE SCHOLARSHIP IF THE SERVICE PROVIDER IS DETERMINED TO BE OUT OF COMPLIANCE WITH PROGRAM RULES AND REQUIREMENTS .
24-48.5-503.
Program scholarship award - selection criteria - amount - use of award.
(1) (a) T OFFICE OR VENDOR SHALL ACCEPT AND REVIEW SCHOLARSHIP APPLICATIONS AND AWARD SCHOLARSHIPS IN ACCORDANCE WITH THE OFFICE S PROGRAM POLICIES AND PROCEDURES .
T HE OFFICE OR VENDOR SHALL AWARD SCHOLARSHIPS TO :
(I) ELIGIBLE STUDENTS WHO INTEND TO ENROLL OR TRAIN AT A SERVICE PROVIDER TO PURSUE AN IN -DEMAND OR HIGH -PRIORITY POSTSECONDARY PATHWAY , INCLUDING STUDENTS WHO INTEND TO ENROLL FULL -TIME AND THOSE WHO INTEND TO ENROLL PART-TIME;AND -9- 205 (II) FTERAWARDINGSCHOLARSHIPS TOALLELIGIBLE STUDENTS DESCRIBED IN SUBSECTION (1)(a)(IOF THIS SECTION,TO ELIGIBLE STUDENTS WHO INTEND TO ENROLL OR TRAIN AT A SERVICE PROVIDER IN A PROGRAM OF STUDY THAT IS NOT ALIGNED TO AN IN -DEMAND OR HIGH-PRIORITY POSTSECONDARY PATHWAY .
(b) THE OFFICE OR VENDOR SHALL NOT REQUIRE A STUDENT TO DEMONSTRATE FINANCIAL NEED TO RECEIVE A SCHOLARSHIP AND SHALL NOT CONSIDER AN ELIGIBLE STUDENS FINANCIALNEEDIN DETERMINING SCHOLARSHIP AWARDS .
(2) (a) TE OFFICE OR VENDOR AWARDING SCHOLARSHIPS SHALL DETERMINE THE AMOUNT OF EACH SCHOLARSHIP AWARD CONSISTENT WITH PROGRAM POLICIES AND PROCEDURES ,UP TO A MAXIMUM OF ONE THOUSAND FIVE HUNDRED DOLLARS ;EXCEPT THAT THE AMOUNT OF MONEY DISTRIBUTED TO THE SERVICE PROVIDER PURSUANT TO SUBSECTION (3)(b)OF THIS SECTION MUST NOT BE GREATER THAN THE STUDENT S TOTAL COST OF TUITI,FEES,BOOKS ,AND EQUIPMENT.
(b) SCHOLARSHIP MONEY IS DISTRIBUTED TO THE SERVICE PROVIDER FOR USE BY THE STUDEN.
(3) (a) STUDENT MAYUSE ASCHOLARSHIPAWARDFORTUITION , FEES,BOOKS ,AND EQUIPMENT AT A SERVICE PROVIDE.
(b) SCHOLARSHIP MONEY MUST BE EXPENDED NO LATER THAN JULY 31,2025.ON AUGUST 1,2025,A SERVICE PROVIDER SHALLRETURN ALL UNUSED SCHOLARSHIP MONEY TO THE OFFIC.
24-48.5-504.
Postsecondary and career advising.
(1) TE OFFICE SHALL CONTRACT WITH ONE OR MORE VENDORS TO PROVIDE POSTSECONDARY AND CAREER ADVISING TO C OLORADO HIGH SCHOOL STUDENTS WHO MAY BE LESS LIKELY TO PURSUE A POSTSECONDARY -10- 205 EDUCATION .
(2) THE OFFICE SHALL IDENTIFY SCHOOLS TO RECEIVE POSTSECONDARY ADVISING SUPPORT .
HE OFFICE MAY USE MULTIPLE CRITERIATOIDENTIFYSCHOOLS ,INCLUDINGDECLINESINPOSTSECONDARY PARTICIPATIONBYHIGHSCHOOLGRADUATES ,STUDENTPOPULATIONSIZE , ECONOMIC NEED ,GEOGRAPHIC LOCATION ,OR ANY OTHER CRITERIA AS DETERMINED BY THE OFFICE .
THE OFFICE SHALL MAKE EFFORTS TO IDENTIFY A DIVERSITY OF SCHOOLS IN RURAL AND URBAN AREAS OF THE STATE TO RECEIVE POSTSECONDARY ADVISING SUPPORT .
THE OFFICE SHALL CONTACT SCHOOLS ELIGIBLE FOR ADVISING PURSUANT TO THE PROGRAM AND WITH THE SCHOOL S,AND IN IF APPLICAB,THE SCHOOL DISTRICTS,PERMISSION,DESIGNATE VENDORS TO PROVIDE ADVISING IN THE SCHOOL .
(3) A VENDOR SHALL PROVIDE ONE ON -ONE ADVISING TO STUDENTS ,INCLUDING THOSE WHO INTEND TO PURSUE A TWO YEAR OR FOUR YEAR DEGREE , WORKFORCE OR TECHNICAL TRAINING , OR A MILITARYPATHWAY .THEADVISINGMUSTINCLUDEINFORMINGSTUDENTS ABOUTIN -DEMANDORHIGH -PRIORITYPATHWAYS ,INCLUDINGIN-DEMAND OCCUPATIONS BY REGION .
24-48.5-505.
Serviceproviderreport-programreport.(1) ON OR BEFORE ULY 31, 2025,EACH SERVICE PROVIDER THAT RECEIVED PROGRAMSCHOLARSHIPMONEYONBEHALFOFASTUDENTSHALLREPORT TO THE OFFICE, FOR EACH STUDENT , THE STUDENT'S STATUS IN THE STUDENT S PROGRAM OF STUDY AT THE SERVICE PROVIDER AND ANY OTHER INFORMATION REQUESTED BY THE OFFICE.
(2) (a) I ITS ANNUAL REPORT BEFORE THE HOUSE AND SENATE COMMITTEES OF REFERENCE PURSUANT TO SECTION 2-7-203THE OFFICE -11- 205 SHALL INCLUDE INFORMATION ABOUT THE PROGRAM , INCLUDING, IF AVAILABLE :
(I) THE NUMBER OF STUDENTS WHO HAVE RECEIVED A SCHOLARSHIP ;
(II) ALIST OF SERVICE PROVIDE;S (III) TE TOTAL AMOUNT OF MONEY RECEIVED BY EACH SERVICE PROVIDERANDTHENUMBEROFSTUDENTSENROLLEDWITHORRECEIVING TRAINING FROM EACH PROVIDER;
(IV) THE POSTSECONDARY PATHWAY BEING PURSUED BY EACH SCHOLARSHIP RECIPIEN,AGGREGATED BY PATHWAY ;
(V) EMPLOYMENT OUTCOMES OF SCHOLARSHIP RECIPIENTS ;
(VI) A DETAILED STATEMENT OF THE COSTS INCURRED BY THE OFFICE AND ANY VENDOR THAT CONTRACTED WITH THE OFFICE TO ADMINISTER THE PROGRAM ;AND (VII) ANY OTHER INFORMATION REGARDING THE SCHOLARSHIP PROGRAM THE OFFICE DETERMINES IS APPROPRIATE TO INCLUDE IN THE REPORT .
(b) N OTWITHSTANDING SECTION 24-1-136 (11)(a)(I)THE REPORTINGREQUIREMENTDESCRIBEDINTHISSUBSECTION (2)CONTINUES UNTIL DECEMBER 31, 2026.
24-48.5-506.
Repealofpart.TISPART5 ISREPEALEDEFFECTIVE D ECEMBER 31, 2026.
SECTION 3.
Appropriation.
For the 2023-24 state fiscal year, $25,000,000 is appropriated to the office of the governor for use by economicdevelopmentprograms.Thisappropriationisfromtheuniversal high school scholarship cash fund created in section 24-48.5-502 (3), C.R.S., and is based on an assumption that the office will require an -12- 205 additional 1.1 FTE.
To implement this act, the office may use this appropriation for the universal high school scholarship program.
SECTION 4.
Act subject to petition - effective date.
This act takes effect at 12:01 a.m.
on the day following the expiration of the ninety-dayperiodafterfinaladjournmentofthegeneralassembly;except that, if a referendumpetition is filed pursuant to section1(3) of article V of the state constitution against this act or an item, section, or part of this act within such period, then the act, item, section, or part will not take effect unless approved by the people at the general election to be held in November 2024 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor.
-13- 205