CO Code § 22-54-143 (2021)
2021 Colorado Code|Title 22 - Education|Article 54 - Public School Finance Act of 1994|§ 22-54-143. Additional Funding - 2020-21 Budget Year - Definitions - Repeal

  As used in this section, unless the context otherwise requires:   “Estimated funded pupil count” means the funded pupil count calculated for a district during the 2020 legislative session for the 2020-21 budget year.    “Estimated total program funding” means the total program funding calculated for a district during the 2020 legislative session for the 2020-21 budget year.       The general assembly shall appropriate to the department of education additional funding for the 2020-21 budget year for distribution to districts and to the state charter school institute as provided in subsections (3) and (6) of this section.    After adjusting total program funding for the 2020-21 budget year pursuant to section 22-54-104 (5)(g)(I)(K), as amended by Senate Bill 21-053, enacted in 2021, the department of education shall allocate and distribute an amount of money as necessary to each district to ensure that:   A district's total program funding for the 2020-21 budget year does not decrease below the district's estimated total program funding by a percentage that is greater than the percentage decrease in the district's actual funded pupil count below the district's estimated funded pupil count; and    A district's total program funding for the 2020-21 budget year does not decrease below the district's estimated total program funding by more than two percent.       If a district's state share of total program funding pursuant to section 22-54-106, before application of the budget stabilization factor pursuant to section 22-54-104 (5)(g), was estimated during the 2020 legislative session to be less than one-half of one percent of the district's total program funding for the 2020-21 budget year, the department of education, in determining the district's total program funding for the 2020-21 budget year for purposes of subsection (3) of this section, shall include the balance, as of July 1, 2020, of the district's total program reserve fund established pursuant to section 22-45-103 (1)(k).    Each district that authorizes a charter school shall distribute to the charter school one hundred percent of the district charter school's per-pupil share of the distribution received by the district pursuant to this section. A district charter school's distribution is determined by dividing the amount of the distribution received by the district pursuant to this section by the district's funded pupil count for the 2020-21 budget year and then multiplying that amount by the district charter school's pupil enrollment for the 2020-21 budget year.    For each institute charter school that experienced a decrease in actual total program funding for the 2020-21 budget year from the amount of total program funding estimated for the institute charter school during the 2020 legislative session and is located within an accounting district that receives a distribution pursuant to this section, the department shall calculate a distribution amount for the institute charter school. The department shall calculate an institute charter school's distribution by dividing the amount of the distribution received by the accounting district pursuant to this section by the accounting district's funded pupil count for the 2020-21 budget year and then multiplying that amount by the institute charter school's pupil enrollment for the 2020-21 budget year. The distribution for an institute charter school is separate from and does not affect the amount of the distribution to the institute charter school's accounting district. The department shall distribute the total amount calculated pursuant to this subsection (6) to the state charter school institute, which shall distribute to each institute charter school one hundred percent of the amount calculated for the institute charter school pursuant to this subsection (6).    This section is repealed, effective July 1, 2022.     History. Source: L. 2021: Entire section added,(SB 21-053), ch. 9, p. 49, § 3, effective March 15; (4) amended,(SB 21-268), ch. 222, p. 1174, § 9, effective June 11.    Cross references:   For the legislative declaration in SB 21-053, see section 1 of chapter 9, Session Laws of Colorado 2021.