HB 1319 Summary

• Creates outcomes-based funding model for Colorado higher education institutions beginning fiscal year 2015-16, replacing prior funding structure with fee-for-service contracts negotiated annually between institutions and the Department of Higher Education.

• Establishes two funding components: role and mission funding (based on institutional characteristics like selectivity, location, and undergraduate costs) and performance funding (based on completion rates, retention, and other measurable outcomes).

• Requires college opportunity fund stipends to comprise at least 52.5% of total state appropriation for higher education, with provisions allowing waiver during economic downturns by joint resolution declaring fiscal emergency.

• Limits year-to-year changes in institutional appropriations to within 5 percentage points of total state appropriation changes from 2015-16 through 2019-20, with flexibility after 2020-21.

• Appropriates $45,207 for fiscal year 2013 and $804,986 plus 3.0 FTE for fiscal year 2014 to the Colorado Commission on Higher Education for implementation costs.