State Education Fund Reading to Ensure Academic Development Act & Colorado Teacher of the Year Program
What changed between versions
The automatic annual transfer of $24,800 for the Colorado Teacher of the Year program was removed, replaced by a requirement for the General Assembly to annually appropriate funds for the program.
The automatic annual transfer of $34 million for the Early Literacy Fund was removed, replaced by a requirement for the General Assembly to annually appropriate at least $34 million for early literacy purposes.
New statutory requirements mandate that the General Assembly must annually appropriate specific funds for the Colorado Teacher of the Year program and early literacy initiatives, ensuring continued funding but requiring legislative approval each year.
The repeal of the old funds and the start of the new appropriation system are set to take effect on September 1, 2027, with specific dates in 2026 and 2027 for transferring remaining unspent money from the old funds.
The legal definitions and structures for the 'Colorado Teacher of the Year Fund' and 'Early Literacy Fund' were removed and replaced with a general funding section for early literacy programs.