CO HB1253

School district boards of education may elect to apply the "adjusted funding formula" to distribute at-risk pupil funding to district charter schools only in proportion to their enrollment of at-risk students, rather than spreading it equally across all students.

Before making this election, the local school board must hold a public hearing to consider and receive public testimony on the issue.

If a board elects to use the adjusted formula, it must provide written notice to affected charter schools at least 60 days before the deadline for submitting annual budgets.

School districts may change their funding formula election for subsequent budget years by holding another public hearing and providing notice, but cannot change their election during the same budget year.

The act takes effect 90 days after final adjournment of the general assembly, or later if subject to a referendum petition requiring voter approval.