NOTE: The governor signed this measure on 5/13/2015.
      
      
      SENATE BILL 15-138
      
      
      BY SENATOR(S) Donovan, Garcia, Hill, Kerr, Merrifield, Aguilar,
      Baumgardner, Carroll, Cooke, Crowder, Grantham, Guzman, Heath,
      Hodge, Holbert, Jahn, Johnston, Jones, Kefalas, Lundberg, Marble,
      Martinez Humenik, Neville T., Newell, Roberts, Scheffel, Scott,
      Sonnenberg, Steadman, Todd, Ulibarri, Woods, Cadman;
      also REPRESENTATIVE(S) Wilson, Arndt, Becker K., Buckner, Carver,
      Duran, Esgar, Hamner, Kraft-Tharp, Lontine, Mitsch Bush, Pabon,
      Pettersen, Priola, Rosenthal, Roupe, Ryden, Salazar, Tyler, Vigil, Williams,
      Winter, Young.
      
      
      Concerning funding for the accelerating students through
           concurrent enrollment program.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 22-35-108, amend (3)
      as follows:
      
           22-35-108.  Accelerating students through concurrent
      enrollment program - objectives - selection criteria - rules. (3) (a)  The
      local education provider of a qualified student who is designated by the
      department as an ASCENT program participant may include the student in
      the district's funded pupil count, or, in the case of a student enrolled in an
      institute charter school, in the school's accounting district, as provided in
      section 22-54-103 (7).
      
           (b)  A local education provider that receives ASCENT
      program funding, as described in section 22-54-104 (4.7), in a
      budget year may expend the ASCENT program funding on behalf
      of ASCENT program participants who enroll in an institution of
      higher education during that budget year and on behalf of
      ASCENT program participants who, by May 1 of that budget year,
      are admitted to an institution of higher education to participate
      in the ASCENT program during the next budget year.
      
           (c)  The local education provider shall certify to the
      department by May 10 of each year the list of ASCENT program
      participants who are admitted to an institution of higher
      education to participate in the ASCENT program during the next
      budget year. At the end of the budget year in which the local
      education provider receives the ASCENT program funding, the
      local education provider shall remit to the department any
      remaining amount of the ASCENT program funding that the local
      education provider is not using for an ASCENT program
      participant who is included on the certified list.
      
           SECTION 2.  In Colorado Revised Statutes, 22-54-114, amend (4)
      (a) as follows:
      
           22-54-114.  State public school fund. (4) (a)  For the 1997-98
      fiscal year and fiscal years thereafter, the net amount recovered by the
      department of education during the applicable fiscal year, pursuant to
      school district and institute charter school audits, as overpayments made to
      school districts and institute charter schools, and any amount remitted
      by a school district or institute charter school pursuant to
      section 22-35-108 (3) (c), that would otherwise be transmitted to the state
      treasurer for deposit in the general fund shall instead be transmitted to the
      state treasurer for deposit in the state public school fund. The amount shall
      be available for appropriation to the department of education in subsequent
      fiscal years.
      
           SECTION 3.  Safety clause. The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ____________________________  ____________________________
      Bill L. Cadman                Dickey Lee Hullinghorst
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO