HB 26-1345

House Bill 26-1345, which has been signed into law, changes how Colorado funds its state universities starting from the 2027-28 fiscal year. The bill updates the way funding is calculated by renaming "performance funding" to "results-informed funding," changing some of the criteria used for this funding, and altering the order in which different types of funding are considered. This affects how Colorado's public universities receive state money and could influence their operations and priorities moving forward. Since it has been signed, the changes will be implemented as planned.

Official Summary

The bill changes the higher education funding provisions, effective for the 2027-28 state fiscal year.     Under current law, a state institution of higher education's governing board's annual fee-for-service contract includes funding calculated based on 3 components: Ongoing additional funding, performance funding, and temporary additional funding. The bill:Changes the name of the funding from 'performance funding' to 'results-informed funding';Redefines some of the terms and metrics that are used to determine results-informed funding; andReorders the components and eliminates current statutory language that requires sequential calculation of the components.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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