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Legislative Year: 2022 Change
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Bill Detail: SB22-039

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Title Funding For Educational Opportunities
Status Senate Committee on Education Postpone Indefinitely (02/24/2022)
Bill Subjects
  • Education & School Finance (Pre & K-12)
House Sponsors
Senate Sponsors P. Lundeen (R)
B. Kirkmeyer (R)
House Committee
Senate Committee Education
Date Introduced 01/14/2022
Summary

The bill requires the state treasurer to transfer $723 million from
the general fund to the state education fund for the 2022-23 budget year.
The bill repeals the budget stabilization factor starting in the
2023-24 budget year, and for each budget year thereafter.
The bill creates the Hope Scholarship Program (program) in the

department of education (department). The purpose of the program is to
meet the educational needs of every eligible student by assisting with
certain education expenses. The bill requires:
  • The department to contract with an entity that will
administer the program (administering entity);
  • The department to transfer to the administering entity an
amount equal to 125% of the prior budget year's average
state share of per pupil revenues for an eligible student who
receives a scholarship;
  • The department to prorate the amount transferred to the
administering entity based on the amount of time remaining
in the budget year, and deduct the amount transferred from
the amount that the department distributes to the eligible
student's school district of residence for the budget year in
which an account is created, subject to limitations;
  • The parent of an eligible student to apply to the
administering entity for a scholarship;

  • A parent of an eligible student to only spend scholarship
money on defined eligible expenses; and
  • The administering entity to oversee the program and
perform an audit to ensure scholarship money is spent on
defined eligible expenses.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (02/16/2022) (most recent)  
Additional Bill Documents Bill Documents
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  • Past fiscal notes
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