House Bill 22-1174 Summary

• Appropriates approximately $5.06 billion to the Department of Higher Education for the fiscal year beginning July 1, 2021, including funding for all state universities, community colleges, and financial aid programs

• Allocates $60 million for tuition/enrollment contingency from tuition revenue to support governing boards if enrollment exceeds expectations

• Provides $236.4 million for Colorado Commission on Higher Education financial aid including need-based grants ($180.8 million), work study ($23.1 million), and special purpose programs for veterans, Native Americans, and career-technical education

• Appropriates $1 billion over three fiscal years (2021-24) for the Colorado re-engaged initiative and associate degree completion program from federal coronavirus relief funds

• Includes $36.2 million for History Colorado operations, museums, preservation grants, and related programs