Bill

Bill > SB094


CO SB094

CO SB094
Department of Higher Education Supplemental


summary

Introduced
02/03/2025
In Committee
02/11/2025
Crossed Over
02/21/2025
Passed
02/21/2025
Dead
Signed/Enacted/Adopted
02/27/2025

Introduced Session

2025 Regular Session

Bill Summary

CONCERNING A SUPPLEMENTAL APPROPRIATION TO THE DEPARTMENT OF HIGHER EDUCATION.

AI Summary

This bill provides a supplemental appropriation to the Colorado Department of Higher Education for the fiscal year beginning July 1, 2024, making several key financial adjustments and allocations. The bill includes funding for various higher education programs, institutions, and initiatives, with significant appropriations to state universities, community colleges, and special purpose programs. Notable provisions include allocating approximately $386.9 million for student stipends, providing fee-for-service contracts to state institutions totaling about $837.6 million, and distributing need-based grants of around $256.3 million. The bill also includes specific funding for targeted programs such as the Institute of Cannabis Research at CSU-Pueblo, GEAR UP, rural teacher recruitment, and forest restoration initiatives. Additionally, the bill includes provisions for tuition assistance, with an intent to limit undergraduate in-state tuition increases to 3% and ensuring that Pell-eligible freshmen have their tuition costs fully covered. The appropriation spans multiple areas of higher education, including administrative costs, financial aid, governing boards of various universities, and special purpose programs, with total funding approaching $6.2 billion from various sources including general funds, cash funds, and federal funds.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

Governor Signed (on 02/27/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...