HB 26-1372

HB 26-1372 is a bill that extends existing requirements for how money appropriated by the state to the Auraria Higher Education Center (AHEC) must be used. These rules ensure that funds are spent according to agreements made between AHEC and its member institutions, and they will now apply until July 1, 2027, instead of ending in 2026 as previously planned. The bill has been signed into law, meaning these requirements are now legally binding for another year. This affects the operations funding for higher education at Auraria and ensures continued financial stability and adherence to agreements among its institutions.

Official Summary

Joint Budget Committee. Existing law imposes certain requirements related to money appropriated to the Auraria higher education center (AHEC) for operations costs, including a requirement to use the money in accordance with baseline service level agreements entered into by AHEC's constituent institutions. The requirements apply through July 1, 2026.     The bill extends the requirements to apply through July 1, 2027.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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