HB 24-1391

House Bill 24-1391 extends the continuous funding for the educator licensure cash fund in Colorado until fiscal year 2029-30. This means that money set aside for teacher licensing will be available without needing additional approval each year until then. The Department of Education is required to report on how this fund has been used by November 1, 2029, and suggest whether the continuous funding should continue beyond that date. Governor Jared Polis signed the bill into law on April 18, 2024, making it effective immediately.

Official Summary

Under current law, the money in the educator licensure cash fund (cash fund) is continuously appropriated through fiscal year 2023-24. The act extends the continuous appropriation authority to fiscal year 2029-30. On or before November 1, 2029, the department of education shall report to the education committees of the house of representatives and the senate and the joint budget committee concerning the revenue credited to, and expenditures from, the cash fund and shall make a recommendation whether the continuous appropriation authority should be maintained. APPROVED by Governor April 18, 2024 EFFECTIVE April 18, 2024(Note: This summary applies to this bill as enacted.)

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