HB 20-1247 Summary

• Amends the FY 2019-20 appropriation to the Department of Higher Education by modifying Part VI of SB 19-207 with detailed budget allocations totaling $4,867,932,187 across multiple higher education programs and institutions.

• Appropriates $212,804 in reappropriated funds to the Colorado Commission on Higher Education for a financial aid assessment tool, with $200,000 rolling forward to FY 2020-21 if unspent.

• Allocates funding to governing boards for university systems including University of Colorado, Colorado State University System, community colleges, and other state institutions based on enrollment projections and tuition assumptions.

• Provides appropriations for student financial aid programs including need-based grants, work-study, merit-based grants, and specialized aid for veterans, Native American students, and career/technical education.

• Includes funding for History Colorado operations, museums, preservation programs, and the Cumbres and Toltec Railroad Commission.