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SB23-220

Public School Capital Construction Assistance Grants

Concerning the use of money previously allocated for public schools, and, in connection therewith, reducing an appropriation.
Session:
2023 Regular Session
Subjects:
Education & School Finance (Pre & K-12)
Fiscal Policy & Taxes
Bill Summary

Joint Budget Committee. During the 2021 legislative session, the general assembly transferred $10,000,000 from the general fund to the public school capital construction assistance fund (fund) and appropriated this money for air quality improvement grants for schools. Of the money transferred and appropriated for air quality improvement grants, $4,705,220 remains in the fund and has not been distributed. The appropriation for fiscal year 2021-22 has expired. The bill specifies that the unspent money transferred and appropriated for air quality improvement grants must not be used for air quality improvement grants and instead must be used for financial assistance as provided in the "Building Excellent Schools Today Act".

Also during the 2022 legislative session, the general assembly scheduled a transfer of $30,000,000 from the marijuana tax cash fund to the fund for June 1, 2023. The bill repeals this scheduled transfer before it occurs.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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Bill Text

Email addresses for the Colorado legislature have changed from the @state.co.us domain to the @coleg.gov domain on December 1, 2022. Details