Colorado Code
Article 54 - Public School Finance Act of 1994
§ 22-54-114. State Public School Fund

(1.5) Repealed.

(2.3) Notwithstanding any provision of this article to the contrary, of the total amount appropriated by the general assembly in the annual appropriation bill for each budget year to meet the state's share of the total program of all districts and the total funding for all institute charter schools, the department of education may transfer an amount specified by the general assembly in the annual general appropriation bill for that budget year to offset the direct and indirect administrative costs incurred by the department in implementing the provisions of this article. The total program of each district that receives state aid and the total funding for each institute charter school shall be reduced by a percentage determined by dividing the amount of the transfer by the total program of all districts that receive state aid plus the total funding for all institute charter schools. The state aid of each district shall be reduced by the amount of the reduction in the district's total program or the amount of state aid, whichever is less. The department of education shall ensure that the reduction in state aid and institute charter school funding required by this subsection (2.3) is accomplished prior to the end of the budget year. The reductions described in this subsection (2.3) shall be in addition to any reduction that may be required pursuant to section 22-54-106 (4)(c).
(2.5) Repealed.
(2.7) The general assembly intends that the moneys transferred to the state public school fund pursuant to section 24-75-201.1 (1)(d)(XI.5), C.R.S., pursuant to Senate Bill 11-230, enacted in 2011, be available for appropriation during the 2011-12 budget year to account for mid-year changes in pupil enrollment and the at-risk pupil population and changes in assessed valuations and the specific ownership tax from the prior year.

Source: L. 94: Entire article added with relocations, p. 800, § 2, effective April 27. L. 98: (3) amended and (4) added, p. 973, § 17, effective May 27. L. 2001: (3) amended, p. 362, § 30, effective April 16. L. 2003: (2.5) added, p. 2140, § 45, effective May 22. L. 2004: (2.3) added, p. 1397, § 16, effective May 28; (2.5) amended, p. 1662, § 13, effective June 3; (1), (2), (2.5), and (4) amended, p. 1639, § 46, effective July 1. L. 2006: (2.3) repealed, p. 661, § 3, effective April 28. L. 2007: (2.5) repealed, p. 14, § 4, effective February 6; (1) and (3)(b) amended and (5) added, p. 625, § 2, effective April 26; (6) added, p. 1058, § 3, effective July 1. L. 2009: (2.3) RC&RE, (SB 09-215), ch. 134, p. 578, § 2, effective April 17. L. 2010: (2.3) amended, (HB 10-1318), ch. 34, p. 127, § 2, effective March 22; (4) amended, (SB 10-054), ch. 265, p. 1212, § 3, effective May 25; (3)(a) amended, (SB 10-151), ch. 109, p. 365, § 3, effective July 1. L. 2011: (2.7) added, (SB 11-230), ch. 305, p. 1467, § 6, effective June 9. L. 2012: (4)(c) added, (HB 12-1345), ch.188, p. 723, § 10, effective May 19. L. 2013: (4)(c) amended, (SB 13-260), ch. 236, p. 1140, § 4, effective May 17. L. 2015: (1.5) added, (SB 15-244), ch. 132, p. 409, § 3, effective May 1; (4)(a) amended, (SB 15-138), ch. 188, p. 625, § 2, effective May 13; (2.3) amended, (SB 15-267), ch. 295, p. 1202, § 3, effective June 5. L. 2017: (4)(d) added, (HB 17-1340), ch. 294, p. 1623, § 2, effective June 2. L. 2018: (7) and (8) added, (HB 18-1171), ch. 81, p. 672, § 3, effective March 29. L. 2019: (4)(d) amended, (SB 19-094), ch. 164, p. 1903, § 4, effective May 13.

Cross references: For the legislative declaration contained in the 2007 act repealing subsection (2.5), see section 1 of chapter 2, Session Laws of Colorado 2007. For the legislative declaration contained in the 2007 act enacting subsection (6), see section 1 of chapter 268, Session Laws of Colorado 2007. For the legislative declaration in SB 15-244, see section 1 of chapter 132, Session Laws of Colorado 2015. For the legislative declaration in HB 18-1171, see section 1 of chapter 81, Session Laws of Colorado 2018.