HB 24-1404 Summary

• Exempts appropriations of less than $2 million made to institutions of higher education from the requirement that student financial aid appropriation increases align with higher education institution appropriation increases.

• The exemption applies only to appropriations made in legislation other than the general appropriation act or supplemental appropriation acts.

• Modifies Colorado Revised Statutes 23-3.3-103 by adding a new subsection (1.5).

• Includes a safety clause declaring the act necessary for the immediate preservation of public peace, health, safety, and support of state departments and institutions.