Under existing law, the appropriation to the university of Colorado for fee-for-service contracts for health services is reduced by a certain amount of additional medicaid reimbursements and payments received by the state pursuant to the federal"Families First Coronavirus Response Act" (additional medicaid payments) through December 31, 2024. The act continues this provision until July 1, 2026. As additional medicaid payments are phased out, the general fund appropriation to the university of Colorado for fee-for-service contracts is increased. The act exempts the increased general fund appropriations in the 2024-25 and 2025-26 state fiscal years made as a result of the phased out additional medicaid payments from the required annual increase in student financial assistance. The act reduces the appropriation to the department of higher education for the 2024-25 state fiscal year for need-based grants by $2,273,392. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)
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Current law requires that annual appropriations for student financial assistance increase by at least the same percentage as the aggregate percentage increase of all general fund appropriations to institutions of higher education. The act creates a limited exception for appropriations that are less than $2 million that are made through legislation other than the general appropriation act or supplemental appropriations acts. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)
The act requires the state treasurer to transfer $31,160,000 from the state employee reserve fund to the general fund on June 30, 2024. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)
The act requires the state treasurer to transfer $10 million from the energy and carbon management cash fund to the stationary sources control fund on June 30, 2024. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)
The advanced industries acceleration cash fund (AI cash fund) consists, in part, of money transferred annually to the fund from the general fund pursuant to the "Colorado Bioscience and Clean Technology Innovation Reinvestment Act" (bioscience act). The amount of money transferred pursuant to the bioscience act is based on the amount of income tax withholding for certain bioscience and clean technology occupation classifications. The act extends both the transfers to the AI cash fund and the bioscience act, which had respectively been scheduled to repeal on July 1, 2025, and July 1, 2026, for an additional 8 years so that the last transfer is scheduled for March 1, 2033, and the bioscience act is scheduled to repeal, effective July 1, 2034. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)
The act modifies the established set of definitions to be used when analyzing available evidence regarding a program or practice in relation to a budget request, request for a supplemental appropriation, or budget request amendment (collectively, budget request). The act also modifies accordingly the process for incorporating evidence-based decision-making into budgetary decisions. If a state agency or the office of state planning and budgeting (office) includes information regarding the best available evidence on the effectiveness of a program or practice in a budget request, the state agency or office is required to give the program or practice an evidence designation and to provide a summary of the best available research evidence about the program or practice, information concerning how the best available research evidence is connected to the budget request, and any plans to evaluate the program or practice to build evidence regarding its effectiveness (collectively, the evidence designation justification). The state agency or the office may also include with its budget request that an evidence designation is not applicable or that the budget request is ineligible for an evidence designation. Joint budget committee staff is required to review the evidence designation justification and to include an evidence designation, or to state that an evidence designation is not applicable or that the budget request is ineligible for an evidence designation, as part of any recommendation it makes regarding a budget request. The joint budget committee is required to consider, as one of many factors, the evidence designation when determining the appropriate level of funding for a program or practice. APPROVED by Governor April 18, 2024 EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)
The state auditor, in cooperation with the public employees' retirement association (PERA), is required to contract with a nationally recognized and enrolled actuarial firm with experience in public pension plans to conduct the following analyses of PERA: A comprehensive study (comprehensive study) comparing the cost and effectiveness of the current hybrid defined benefit plan design currently administered by PERA to alternative plan designs in both the public and private sector; and As part of the comprehensive study, an analysis regarding specified aspects of the defined benefit plan and the defined contribution plan currently administered by PERA. PERA and the state auditor are required to confer with the office of state planning and budgeting regarding the scope of the comprehensive study and are required to provide a report detailing the findings of the comprehensive study to the governor, the joint budget committee, the legislative audit committee, and the finance committees of the senate and the house of representatives, or any successor committees. PERA is required to provide access to anonymized member information and data under a confidentiality agreement with the retained firm for the comprehensive study. For the 2024-25 state fiscal year, $380,750 is appropriated from the general fund to the legislative department for use by the office of the state auditor. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)
The act requires the state treasurer to transfer $500,000 from the general fund to the creative industries cash fund on July 1, 2024. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)
The broadband infrastructure cash fund (fund) is created in the state treasury, and the state treasurer is required to transfer $4,570,741 from the general fund to the fund on July 1, 2024. For the 2024-25 through 2026-27 state fiscal years, the money in the fund is subject to annual appropriation to the department of corrections (department) for the installation of broadband infrastructure to allow broadband access within specified correctional facilities. For the 2024-25 state fiscal year, the act appropriates $4,570,741 from the fund to the department to be used for the implementation of the act. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)
The act creates the school-based mental health support program (program) in the behavioral health administration (BHA) to provide high-quality training, resources, and implementation and sustainment support for the existing public school educator workforce to provide evidence-based mental health services to students through a contract with an external provider. The program emphasizes supporting schools in rural areas and schools with students who do not have equitable access to mental health care. No later than January 1, 2025, the act requires the BHA to contract with an external provider to implement the program no later than the start of the 2025-26 school year. The act requires the BHA to collaborate with the external provider to determine the cost of implementing the program in at least 400 public schools by the start of the 2027-28 school year. For the 2024-25 state fiscal year, $2,500,000 is appropriated from the general fund to the department of human services for use by the BHA to administer the program. The BHA may use up to $100,000 of the funds to select the external provider. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)