(1)
Notwithstanding section 24-1-136 (11)(a)(I), no later than February 15, 2010, and no
later than each February 15 thereafter, the board shall present a written report to
the education and finance committees of the house of representatives and the
senate and the capital development committee, or any successor committees,
regarding the provision of financial assistance to applicants pursuant to this article
43.7. The report must include, at a minimum:
(a) An accounting of the financial assistance provided through the prior
fiscal year that includes:
(I) A statement of the aggregate amount of financial assistance awarded
through the prior fiscal year, including statements of the amount of grants
provided, and the amount of payments made and payments committed to be made
but not yet made in connection with financed purchase of an asset or certificate of
participation agreements;
(II) A statement of the aggregate amount of financial assistance provided as
grants and the aggregate amount of payments made in connection with financed
purchase of an asset or certificate of participation agreements during the prior
fiscal year;
(III) A list of the public school facility capital construction projects for which
financial assistance has been provided, which must include:
(A) A sublist of projects for which financial assistance has been provided in
the form of technology grants pursuant to section 22-43.7-109 (13);
(B) A sublist of projects for which financial assistance has been provided in
the form of career and technical education capital construction grants pursuant to
section 22-43.7-109 (14);
(C) A brief description of each project;
(D) A statement of the amount and type of financial assistance provided for
each project and, where applicable, the amount of financial assistance committed
to be provided for but not yet provided for each project;
(E) A statement of the amount of matching money provided by the applicant
for each project and, where applicable, the amount of matching money committed
to be provided by the applicant but not yet provided for each project; and
(F) A summary of the reasons of the board and the state board for providing
financial assistance for the project; and
(IV) A list of the public school facility capital construction projects for which
financial assistance has been provided during the prior fiscal year, which must
include:
(A) A sublist of projects for which financial assistance has been provided in
the form of technology grants pursuant to section 22-43.7-109 (13);
(B) A sublist of projects for which financial assistance has been provided in
the form of career and technical education capital construction grants pursuant to
section 22-43.7-109 (14);
(C) A brief description of each project;
(D) A statement of the amount and type of financial assistance provided for
each project; and
(E) A statement of the amount of matching money provided by the applicant
for each project.
(b) A summary of the findings and conclusions of any public school facility
inspections conducted during the prior fiscal year;
(c) A summary of any differences between the common physical design
elements and characteristics of the highest performing schools in the state and the
lowest performing schools in the state as measured by academic productivity
measures such as the state assessments administered pursuant to section 22-7-1006.3 or Colorado ACT results; and
(d) A list of the financial assistance applications for public school facility
capital construction that were denied financial assistance during the prior fiscal
year, which must include a sublist of denied applications for projects for which
financial assistance in the form of technology grants was requested pursuant to
section 22-43.7-109 (13) and a sublist of denied applications for which financial
assistance in the form of career and technical education capital construction grants
was requested pursuant to section 22-43.7-109 (14), and that includes for each
project:
(I) A brief project description;
(II) A statement of the amount and type of financial assistance requested for
the project;
(III) A statement indicating whether or not the board recommended a
financial assistance award for the project; and
(IV) A summary of the reasons why the board or the state board denied
financial assistance for the project.
(e) An estimate, to the extent feasible, of the total amounts of revenues to
be credited to the assistance fund during the current fiscal year and the next fiscal
year and financial assistance to be awarded during the next fiscal year, including
separate estimates of the total amounts of financial assistance to be awarded as
cash grants and under the terms of financed purchase of an asset or certificate of
participation agreements entered into pursuant to section 22-43.7-110 (2).
(f) Beginning in the report due no later than February 15, 2026, and
continuing annually pursuant to subsection (1) of this section, in addition to the
reporting requirements described in subsections (1)(a) to (1)(e) of this section, the
report must also separately specify all the information described in subsections
(1)(a) to (1)(e) of this section as each relates to charter schools, as applicable.
(2) No later than February 15, 2014, the board shall prepare and make
available electronically on the website of the department a report to the taxpayers
of the state regarding the provision of financial assistance to applicants pursuant to
this article during the five prior fiscal years. The report shall include, at a minimum,
the information specified in subsection (1) of this section for each of the five prior
fiscal years and an aggregation of any of such information that can feasibly be
aggregated for the full five-year period.
(3) Repealed.