The general assembly finds and declares that: Through the innovative learning opportunities pilot program, concurrent enrollment, apprenticeships, internships, and other high school transition programs and opportunities, students are able to pursue multiple pathways to career and postsecondary training and education; Some students who have met high school graduation requirements early and want to pursue career […]
As used in this part 13, unless the context otherwise requires: “Department” means the department of higher education created pursuant to section 24-1-114. “Department of education” means the department of education created in section 24-1-115. “Eligible graduate” means a low-income student who has graduated early from a high school participating in the pilot program and […]
There is created in the department the fourth-year innovation pilot program. The purpose of the pilot program is to provide state funding to low-income students who graduate early from a high school participating in the pilot program. The pilot program is limited to five local education providers or group of providers with the first cohort […]
To receive state funding pursuant to the pilot program, an eligible graduate must graduate early from a high school participating in the pilot program. The eligible graduate must commence a postsecondary program within eighteen months after graduating early, or the eligible graduate forfeits the state funding. The department shall disburse state funding on behalf of […]
On or before November 1, 2022, and on or before November 1 of each year thereafter in which state funding is disbursed on behalf of an eligible graduate, the department shall submit a report to the department of education, the governor’s office of state planning and budgeting, the joint budget committee, and the education committees […]
There is created in the state treasury the fourth-year innovation pilot program fund. The fund consists of money appropriated or transferred to the fund by the general assembly on behalf of eligible graduates. The state treasurer shall credit all interest and income derived from the deposit and investment of money in the fund to the […]
This part 13 is repealed, effective December 31, 2027. Source: L. 2021: Entire part added, (SB 21-106), ch. 486, p. 3483, § 5, effective July 7.
