C.R.S. Section 22-54-106.5
Fiscal emergency restricted reserve

  • calculation of reserve amount

(1)

For the 2009-10 budget year, the general assembly determines that a state financial crisis requires each district and the state charter school institute to budget an amount to a fiscal emergency restricted reserve pursuant to section 22-44-119. Using the total amount to be budgeted for the reserve as specified in subsection (3) of this section, the department of education shall calculate the amount to be budgeted to the fiscal emergency restricted reserve by each district and the state charter school institute. The amount budgeted by each district and the state charter school institute shall be released for expenditure by the district or for distribution to institute charter schools by the state charter school institute, as applicable, on January 29, 2010, if a negative supplemental appropriation to effect a recision of the total amount of restricted reserve as specified in subsection (3) of this section, or any portion thereof, has not been enacted and become law by said date.

(2)

The department of education shall calculate the amount to be budgeted to the fiscal emergency restricted reserve for the 2009-10 budget year by dividing the total amount to be budgeted for the 2009-10 budget year, as specified in subsection (3) of this section, by the sum of the total program of all districts and institute charter school funding. The department shall calculate the amount to be budgeted by each district as an amount equal to the total restricted reserve multiplied by the district’s total program as calculated pursuant to section 22-54-104 (2)(a)(VIII) or (2)(b), whichever is applicable. The department shall calculate the amount to be budgeted by the state charter school institute for each institute charter school based on the total restricted reserve multiplied by the total program of the accounting district for each institute charter school.

(3)

For the 2009-10 budget year, the total amount of the restricted reserve shall be one hundred ten million dollars.

Source: Section 22-54-106.5 — Fiscal emergency restricted reserve - calculation of reserve amount, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-22.­pdf (accessed Oct. 20, 2023).

22‑54‑101
Short title
22‑54‑102
Legislative declaration - statewide applicability - intergovernmental agreements
22‑54‑103
Definitions
22‑54‑104
District total program - definitions - repeal
22‑54‑104.1
General fund appropriations requirements - maintenance of effort base
22‑54‑104.2
Legislative declaration
22‑54‑104.3
Total program for budget years - special provisions
22‑54‑104.6
Implementation of at-risk measure - working group - creation - department duties - reports - legislative declaration - definitions - repeal
22‑54‑104.7
Public school finance - task force - creation - duties - report - definitions - repeal
22‑54‑105
Instructional supplies and materials - capital reserve and insurance reserve - at-risk funding - preschool funding
22‑54‑106
Local and state shares of district total program - legislative declaration - definition - repeal
22‑54‑106.5
Fiscal emergency restricted reserve - calculation of reserve amount
22‑54‑107
Buy-out of categorical programs - total program reserve fund levy
22‑54‑107.5
Authorization of additional local revenues for supplemental cost of living adjustment
22‑54‑107.9
Override mill levy match - calculation - distribution - fund created - legislative declaration - definitions
22‑54‑108
Authorization of additional local revenues - definitions
22‑54‑108.5
Authorization of additional local revenues for full-day kindergarten - definitions
22‑54‑108.7
Authorization of additional local revenues for cash funding of capital construction, new technology, existing technology upgrade, and maintenance needs - definition
22‑54‑109
Attendance in district other than district of residence
22‑54‑110
Loans to alleviate cash flow deficits - financed purchase of an asset agreements
22‑54‑111
Adjustments in valuation for assessment
22‑54‑112
Reports to the state board
22‑54‑113
County public school fund
22‑54‑114
State public school fund - repeal
22‑54‑115
Distribution from state public school fund
22‑54‑116
Notice to taxpayers - assistance by department of education
22‑54‑117
Contingency reserve - fund - repeal
22‑54‑118
Joint districts
22‑54‑119
General provisions
22‑54‑120
Rules and regulations
22‑54‑122
Small attendance center aid
22‑54‑123
Russell national school lunch act - appropriation of state matching funds
22‑54‑123.5
School breakfast program - appropriation - low-performing schools
22‑54‑124
State aid for charter schools - use of state education fund money - definitions
22‑54‑126
Declining enrollment districts with new charter schools - additional aid - definitions
22‑54‑129
Facility school funding - definitions - legislative declaration
22‑54‑136
At-risk per pupil additional funding - definitions
22‑54‑138
Career development success program - created - funding - report - legislative declaration - definitions - repeal
22‑54‑139
Additional funding for schools - use of retail marijuana sales tax revenue transferred to state public school fund - definitions
22‑54‑145
Additional funding for rural schools - 2023-24 budget year - definitions - repeal
22‑54‑146
Hold-harmless at-risk funding - 2023-24 budget year - repeal
Green check means up to date. Up to date

Current through Fall 2024

§ 22-54-106.5’s source at colorado​.gov