(3.5) In determining the amount of financial assistance that it provides and in so doing managing the balance of the assistance fund, the board shall ensure that, effective June 30, 2013, and effective each June 30 thereafter, the balance of the assistance fund, not including the amounts credited to the charter school facilities assistance account pursuant to subsection (2)(d) of this section, is at least equal to the total amount of payments to be made by the state during the next fiscal year under the terms of any financed purchase of an asset or certificate of participation agreements entered into pursuant to section 22-43.7-110 (2) less the amount of any school district matching money and any federal money to be received for the purpose of making the payments.
Source: L. 2008: Entire article R&RE, p. 1043, § 1, effective May 22. L. 2009: (2)(b)(I), (2)(b)(II), and (4) amended and (2)(b)(V), (5), and (6) added, (SB 09-257), ch. 424, pp. 2364, 2366, §§ 2, 3, effective June 4. L. 2013: (3.5) added, (SB 13-214), ch. 398, p. 2324, § 2, effective June 5. L. 2014: (3) amended, (SB 14-112), ch. 47, p. 224, § 1, effective March 20; (2)(d) added, (HB 14-1287), ch. 226, p. 842, § 2, effective May 17; (2)(b)(I), (3), and (3.5) amended and (2)(d) added, (HB 14-1292), ch. 243, p. 910, § 15, effective May 21. L. 2018: (2)(d) amended, (HB 18-1070), ch. 322, p. 1929, § 1, effective May 30. L. 2019: (2)(d) and (3) amended and (2)(e) added, (HB 19-1055), ch. 246, p. 2402, § 1, effective May 21. L. 2020: (2)(d) and (3) amended and (2)(f) added, (HB 20-1418), ch. 197, p. 941, § 6, effective June 30. L. 2021: (2)(g) added, (SB 21-207), ch. 76, p. 300, § 1, effective April 30; (2)(h) added, (SB 21-202), ch. 248, p. 1350, § 1, effective June 16; (2)(b)(III) amended, (HB 21-1318), ch. 272, p. 1579, § 3, effective June 21; IP(2)(b), (2)(b)(I), (2)(b)(II), (2)(b)(IV), (3.5), (4), (5), and (6) amended, (HB 21-1316), ch. 325, p. 2002, § 15, effective July 1.
Editor's note: Amendments to subsection (2)(d) by HB 14-1287 and HB 14-1292 were harmonized. Amendments to subsection (3) by SB 14-112 and HB 14-1292 were harmonized.
Cross references: (1) For the short title ("Student Success Act") in HB 14-1292, see section 1 of chapter 243, Session Laws of Colorado 2014.
(2) For the legislative declaration in HB 14-1287, see section 1 of chapter 226, Session Laws of Colorado 2014. For the legislative declaration in HB 14-1387, see section 1 of chapter 378, Session Laws of Colorado 2014. For the legislative declaration in HB 20-1418, see section 1 of chapter 197, Session Laws of Colorado 2020.
Structure Colorado Code
Article 43.7 - Capital Construction Assistance
Part 1 - School District Capital Construction Assistance Program
§ 22-43.7-102. Legislative Findings and Declarations
§ 22-43.7-107. Public School Facility Construction Guidelines - Establishment by Board - Use
§ 22-43.7-108. Statewide Financial Assistance Priority Assessment - Public School Facilities
§ 22-43.7-110. Financial Assistance - Grants - Financed Purchase of an Asset Agreements
§ 22-43.7-110.5. Charter School Matching Moneys Loan Program - Rules - Definitions
§ 22-43.7-111. Reporting Requirements - Auditing by State Auditor
§ 22-43.7-112. Attorney General as Legal Advisor
§ 22-43.7-113. Colorado School for the Deaf and Blind - Special Rules
§ 22-43.7-114. Capital Construction Assistance Awarded for Fiscal Year 2007-08 - Continued Payment