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March 9, 2022 HB 22-1276
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Drafting Number:
Prime Sponsors:
LLS 22-0327
Rep. Kipp; Exum
Date:
Bill Status:
Fiscal Analyst:
March 9, 2022
House Education
Josh Abram | 303-866-3561
Josh.Abram@state.co.us
Bill Topic: SUNSET SECOND CHANCE SCHOLARSHIP PROGRAM
Summary of
Fiscal Impact:
☐ State Revenue
☐ State Expenditure
☐ State Transfer
☐ TABOR Refund
☐ Local Government
☐ Statutory Public Entity
Sunset bill - no fiscal impact. The bill sunsets the Second Chance Scholarship
Program in the Department of Higher Education. The bill does not impact state and
local revenue and expenditures and has been assessed as having no fiscal impact.
Appropriation
Summary:
No appropriation is required.
Fiscal Note
Status:
The fiscal note reflects the introduced bill.
Summary of Legislation
The bill sunsets the Second Chance Scholarship Program in the Department of Higher Education,
which is scheduled to repeal on September 1, 2022, and makes conforming changes to statute.
Assessment of No Fiscal Impact
Under current law, the Second Chance S cholarship Program is scheduled to repeal on
September 1, 2022. Because the bill does not extend the program and only makes conforming changes
in statute to reflect this upcoming repeal, the bill will not impact state and local government revenue
and expenditures. For this reason, it has been assessed as having no fiscal impact.
For informational purposes, the program had costs of $105,145 and 0.8 FTE in FY 2019-20 only. There
was no appropriation for FY 2020-21 or FY 2021-22. The sunset report for this committee can be found
here: https://drive.google.com/file/d/1fTjMH9YQG5sN8q-rdY0GiZz9SR_Gi-pO/view
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March 9, 2022 HB 22-1276
Effective Date
The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming no
referendum petition is filed.
State and Local Government Contacts
Higher Education Human Services
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit: leg.colorado.gov/fiscalnotes.