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Legislative Year: 2020 Change
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Bill Detail: SB20-112

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Title College Trust Scholarship For Early Graduation
Status Senate Committee on Finance Postpone Indefinitely (02/13/2020)
Bill Subjects
  • Education & School Finance (Pre & K-12)
  • Higher Education
House Sponsors B. Buentello (D)
Senate Sponsors K. Priola (R)
House Committee
Senate Committee Finance
Date Introduced 01/15/2020
Description

The bill creates the college trust scholarship program (scholarship
program) in the department of higher education (department) to disburse
scholarship awards to institutions of higher education, as defined in the
bill, on behalf of eligible graduates who are awarded a high school
diploma from a Colorado public high school prior to enrolling in the

fourth year of high school.
The savings to the state due to the student graduating high school
early is used for the scholarship award and to add money to the state
education fund to eliminate the budget stabilization factor applied to total
program funding under the public school finance formula.
The scholarship award is equal to the greater of a portion of the
average state share amount of the statewide average per pupil funding for
public elementary and secondary schools or $3,000. The scholarship
award is disbursed to the postsecondary program on behalf of the eligible
graduate and may be used for the eligible graduate's cost of attendance for
the postsecondary program, as determined by the department.
An eligible graduate must enroll in a postsecondary program by the
eligible graduate's twenty-first birthday or the eligible graduate forfeits
the award; except that the department has the ability to waive this
requirement in exceptional or unforseen circumstances. An eligible
graduate may continue to use any unused portion of the scholarship award
until the eligible graduate's twenty-sixth birthday, at which time the
unused portion of the scholarship award is forfeited. Forfeited scholarship
awards are transferred to the state education fund to be used first to
eliminate the budget stabilization factor in the public school finance
formula.
The bill requires the department to report annually to certain
committees of the general assembly certain information relating to the
scholarship program.
The bill creates the college trust scholarship fund and specifies the
characteristics of the fund. Interest and income from the fund and any
money from forfeited scholarships is transferred to the state education
fund.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (01/29/2020) (most recent)  
Additional Bill Documents Bill Documents
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  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
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