Repealing Colorado Student Leaders Institute
Before the repeal of the institute, the bill requires the department, in collaboration with the host institution of higher education that operates the institute and the advisory committee, to return, to the extent possible, money remaining in the Colorado student leaders institute cash fund (cash fund) to each grantor, donor, or student in an amount that is proportional to the grantor's, donor's, or student's share of the total amount of gifts, grants, donations, or student contributions deposited in the cash fund. If any money remains in the cash fund on August 31, 2025, the state treasurer shall, prior to the repeal of the cash fund, transfer all unexpended and unencumbered money in the cash fund to the general fund.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)