§ 22-54-101. Short Title
This article shall be known and may be cited as the “Public School Finance Act of 1994”. Source: L. 94: Entire article added with relocations, p. 779, § 2, effective April 27.
§ 22-54-102. Legislative Declaration – Statewide Applicability – Intergovernmental Agreements
The general assembly hereby finds and declares that this article is enacted in furtherance of the general assembly’s duty under section 2 of article IX of the state constitution to provide for a thorough and uniform system of public schools throughout the state; that a thorough and uniform system requires that all school districts and […]
§ 22-54-103. Definitions
As used in this article 54, unless the context otherwise requires: (Deleted by amendment, L. 2003, p. 2117 , § 1, effective May 22, 2003.) (1.3) “Accounting district” means the school district within whose geographic boundaries an institute charter school is physically located. (1.4) “ASCENT program” means the accelerating students through concurrent enrollment program created […]
§ 22-54-104. District Total Program – Definitions
For every budget year, the provisions of this section shall be used to calculate for each district an amount that represents the financial base of support for public education in that district. Such amount shall be known as the district’s total program. The district’s total program shall be available to the district to fund the […]
§ 22-54-104.1. General Fund Appropriations Requirements – Maintenance of Effort Base
In accordance with section 17 (5) of article IX of the state constitution, for state fiscal years 2001-02 through 2010-11, the general assembly shall annually appropriate from the general fund for total program under the provisions of this article an amount equal to the maintenance of effort base plus an amount as determined annually by […]
§ 22-54-104.2. Legislative Declaration
The general assembly hereby finds and declares that, for purposes of section 17 of article IX of the state constitution, the expansion of the definition of “at-risk pupils”, as defined in section 22-54-103 (1.5)(a)(V), to include district pupils who are English language learners, as defined in section 22-54-103 (1.5)(b)(IV), the increase in the at-risk factor […]
§ 22-54-104.3. Total Program for Budget Years – Special Provisions
and (2) Repealed. (2.5) and (2.6) Repealed. (2.7) (a) For the 1997-98 budget year and budget years thereafter, notwithstanding the provisions of section 22-54-104 (2) and (6), a district’s total program for the applicable budget year shall not exceed the district’s total program for the prior budget year multiplied by 100% plus the district’s maximum […]
§ 22-54-105. Instructional Supplies and Materials – Capital Reserve and Insurance Reserve – At-Risk Funding – Preschool Funding
Prior to the 2009-10 budget year, every district shall budget the amount determined pursuant to paragraph (b) of this subsection (1) to be allocated, in the discretion of the board of education, to the instructional supplies and materials account, the instructional capital outlay account, or the other instructional purposes account in the general fund created […]
§ 22-54-106. Local and State Shares of District Total Program – Legislative Declaration – Definition – Repeal
For property tax years before the 2020 property tax year, every district shall levy the number of mills determined pursuant to subsection (2)(a) of this section, and the amount of property tax revenue that a district is entitled to receive from the levy, assuming one hundred percent collection, along with the amount of specific ownership […]
§ 22-54-106.5. Fiscal Emergency Restricted Reserve – Calculation of Reserve Amount
For the 2009-10 budget year, the general assembly determines that a state financial crisis requires each district and the state charter school institute to budget an amount to a fiscal emergency restricted reserve pursuant to section 22-44-119. Using the total amount to be budgeted for the reserve as specified in subsection (3) of this section, […]
§ 22-54-107. Buy-Out of Categorical Programs – Total Program Reserve Fund Levy
If a district levies the number of mills calculated pursuant to section 22-54-106 (2)(a)(II) for property tax years before the 2020 property tax year, or the number of mills calculated pursuant to section 22-54-106 (2.1)(c)(I) for the 2021 property tax year and property tax years thereafter, the district shall make an additional levy to generate […]
§ 22-54-107.5. Authorization of Additional Local Revenues for Supplemental Cost of Living Adjustment
Except as otherwise provided in subsection (6) of this section, notwithstanding any law to the contrary, effective July 1, 2001, any district that desires to raise and expend local property tax revenues in excess of the district’s total program, as determined in accordance with section 22-54-104, and in addition to any property tax revenues levied […]
§ 22-54-108. Authorization of Additional Local Revenues
Effective July 1, 1994, a district which desires to raise and expend local property tax revenues in excess of the district’s total program, as determined in accordance with section 22-54-104, may submit the question of whether the district should be authorized to raise and expend additional local property tax revenues, subject to the limitations of […]
§ 22-54-108.5. Authorization of Additional Local Revenues for Full-Day Kindergarten – Definitions
Notwithstanding any law to the contrary, effective July 1, 2007, any district that chooses to raise and expend local property tax revenues in excess of the district’s total program, as determined in accordance with section 22-54-104, and in addition to any property tax revenues levied pursuant to sections 22-54-107 and 22-54-108, may submit the question […]
§ 22-54-108.7. Authorization of Additional Local Revenues for Cash Funding of Capital Construction, New Technology, Existing Technology Upgrade, and Maintenance Needs – Definition
Notwithstanding any law to the contrary, any district that chooses to raise and expend local property tax revenue in excess of the district’s total program, as determined in accordance with section 22-54-104, and in addition to any revenue generated by property tax levied pursuant to sections 22-54-106, 22-54-107, 22-54-107.5, 22-54-108, and 22-54-108.5, may submit the […]
§ 22-54-109. Attendance in District Other Than District of Residence
Districts paying tuition for pupils of residence in the district to attend public schools in other Colorado school districts and in school districts of adjoining states shall report and be entitled to support for such pupils; except that no district shall report any pupil who is from another district and whose tuition is paid by […]
§ 22-54-110. Loans to Alleviate Cash Flow Deficits – Financed Purchase of an Asset Agreements
Upon approval by the state treasurer of an application to participate in an interest-free or low-interest loan program submitted by a district pursuant to paragraph (a.5) of this subsection (1), the state treasurer shall make available to such district in any month of the budget year an interest-free or low-interest loan from the state general […]
§ 22-54-111. Adjustments in Valuation for Assessment
For each budget year, in calculating the total amount of revenue which a district is entitled to receive from the property tax levy for the general fund of a district during the budget year, the valuation for assessment of a district shall be adjusted as provided in subsection (2) of this section. If the valuation […]
§ 22-54-112. Reports to the State Board
On or before November 15 of each year, the property tax administrator shall certify to the state board the valuations for assessment of all taxable property within each county and for each district or portion of a joint district in each county, with the exception of the city and county of Denver, for which the […]
§ 22-54-113. County Public School Fund
There is hereby created in the office of the county treasurer of each county a continuing fund, to be known as the county public school fund, into which shall be paid the proceeds of all county school moneys. Each district in the county shall be entitled to receive distribution during a budget year of moneys […]