SB 23-044

Senate Bill 23-044, which has been approved by the governor and will take effect on August 7, 2023, updates Colorado's veterinary education loan repayment program. It increases the number of eligible applicants from 4 to 6 per year, raises the total amount an applicant can receive over four years from $70,000 to $90,000, and removes the requirement that applicants must have graduated after 2017. This means more veterinarians will benefit from financial support to help repay their education loans while practicing in Colorado.

Official Summary

The act updates the veterinary education loan repayment program in the following ways: Increases the number of qualified applicants per year from 4 to 6; Eliminates the requirement that an applicant must have graduated from an accredited veterinary school in 2017 or later; Increases the total amount an applicant is eligible for over a 4-year period from $70,000 to $90,000; Increases the yearly repayment amounts for successful applicants; and Requires the state treasurer to transfer $540,000 from the general fund to the veterinary education loan repayment fund on September 1, 2023. APPROVED by Governor June 2, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

Votes