HB 22-1174

House Bill 22-1174, which has been signed into law, adjusts how money is allocated to the Department of Higher Education in Colorado. Specifically, it reduces state funding and increases cash fund contributions for the department over two fiscal years (2022-23 and 2023-24). This bill affects higher education institutions by changing their financial support from the government. Since it has been signed, these changes are now in effect.

Official Summary

The 2021 general appropriations act is amended to balance and make adjustments to the total amount appropriated to the department of higher education. The general fund and reappropriated funds portions of the appropriation are decreased and the cash funds portion is increased. An appropriation made in House Bill 21-1330, concerning measures to support student success in obtaining postsecondary credentials, is amended to further appropriate the amount appropriated for the 2022-23 and 2023-24 fiscal years. (Note: This summary applies to this bill as enacted.)

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