Colorado § 22-30.5-515 Institute charter school - additional aid

Colorado Statutes

§ 22-30.5-515 — Institute charter school - additional aid

Colorado § 22-30.5-515

Title 22Education

Art.Charter Schools

This text of Colorado § 22-30.5-515 (Institute charter school - additional aid) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 22-30.5-515 (2026).

Text

(1)(a) For the 2004-05 budget year and each budget year thereafter, a qualified charter school, as that term is defined in section 22-54-124, that is an institute charter school shall receive state education fund moneys from the department in an amount equal to the percentage of the total qualified charter school pupil enrollment that is attributable to pupils expected to be enrolled in the institute charter school multiplied by the total amount of state education fund moneys distributed for the same budget year pursuant to section 22-54-124 (3).

(b)As used in this subsection (1), pupils means pupils other than pupils enrolled in an online program or online school, as defined in sections 22-30.7-102

(9)and 22-30.7-102 (9.5), who are enrolled in a qualified charter school.

(2)

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(1) (a) For the 2004-05 budget year and each budget year thereafter, a qualified charter school, as that
term is defined in section 22-54-124, that is an institute charter school shall receive
state education fund moneys from the department in an amount equal to the
percentage of the total qualified charter school pupil enrollment that is attributable
to pupils expected to be enrolled in the institute charter school multiplied by the
total amount of state education fund moneys distributed for the same budget year
pursuant to section 22-54-124 (3).

(b) As used in this subsection (1), pupils means pupils other than pupils
enrolled in an online program or online school, as defined in sections 22-30.7-102
(9) and 22-30.7-102 (9.5), who are enrolled in a qualified charter school.

(2) Funding received pursuant to subsection (1) of this section shall be in
addition to any funding provided pursuant to section 22-30.5-513.

(3) The department shall provide funding to each qualified charter school
that is an institute charter school by making a monthly payment to the institute as
soon as possible after the department receives a monthly payment of state
education fund moneys pursuant to section 22-54-124. The institute shall promptly
remit the appropriate amount to each eligible institute charter school and shall not
withhold any portion of the amount.

(4) An institute charter school shall use moneys it receives pursuant to
subsection (1) of this section solely for capital construction, as defined in section
22-54-124 (1)(a).

Legislative History

Source: L. 2004: Entire part added, p. 1617, � 1, effective July 1. L. 2007: (1)(b) amended, p. 1091, � 23, effective July 1. L. 2010: (3) amended, (HB 10-1013), ch. 399, p. 1896, � 2, effective June 10. L. 2012: (1)(b) amended, (HB 12-1240), ch. 258, p. 1318, � 34, effective June 4.