HB 1345: Higher Education Funding Allocation Model Changes - Colorado

Final Act → Signed Act · 4 edits · Jun 4, 2026

MODERATE

This bill updates the definitions and data reporting requirements for Colorado's higher education funding formula. It introduces a new definition for 'co-located degree partnerships' to clarify how students enrolled across multiple institutions are counted, and it adds a new 'retention rate' metric for funding calculations. The changes aim to refine how student performance and enrollment data are reported to ensure more accurate funding allocations.

Scope change

The bill expands the scope of funded metrics by adding a retention rate requirement and clarifies the scope of student cohorts by excluding those in co-located degree partnerships from specific graduation rate calculations.

DEFINITION

Added a new definition for 'co-located degree partnership' to specify programs where students primarily attend one campus but complete a degree at a partner institution.

Added a new definition for 'retention rate' to measure student return rates for both four-year and two-year institutions.

ELIGIBILITY

Modified the calculation for graduation rates to explicitly exclude students enrolled in co-located degree partnerships from the cohorts used to determine performance metrics.

TECHNICAL

Corrected several typos and formatting inconsistencies in the definitions of 'credential completion' and 'one-hundred-fifty-percent-of-time graduation rate'.

Rerevised → Final Act · 6 edits · Jun 2, 2026

MODERATE

This bill updates Colorado's higher education funding definitions and metrics for the 2027-28 fiscal year. It reorders how funding components are calculated and introduces new terminology, such as changing 'performance funding' to 'results-informed funding.' The bill also adds specific exclusions for students in co-located degree partnerships when calculating graduation rates and clarifies the definition of Pell-eligible students.

Scope change

The bill applies to the calculation of state funding for higher education institutions starting in the 2027-28 state fiscal year.

DEFINITION

Renamed 'performance funding' to 'results-informed funding' and reorganized the order of funding components.

Added a new definition for 'co-located degree partnership,' which describes a specific type of agreement between two institutions where a student primarily remains at their home campus while taking courses elsewhere.

Updated the definition of 'Pell-eligible student' to explicitly include students who receive grants through successor programs to the federal Pell grant.

Added a new definition for 'previous share,' which calculates the percentage of funding a governing board received in the prior fiscal year, excluding specific allocations.

Added a new definition for 'resident Pell-eligible PELL-RECIPIENT UNDERGRADUATE student population share,' which excludes concurrent enrollment students from the count.

ELIGIBILITY

Excluded students enrolled in co-located degree partnerships from the cohorts used to calculate one-hundred-fifty-percent-of-time and one-hundred-percent-of-time graduation rates.

Revised → Rerevised · 2 edits · May 11, 2026

MINOR

The bill was re-revised to include additional Senate sponsors and updated the reading status to reflect a 3rd Reading Unamended date of May 11, 2026. These changes indicate procedural progress in the legislative process rather than substantive policy shifts.

TECHNICAL

Added four new Senate sponsors (Amabile, Ball, Bridges, Cutter, Exum, Gonzales J., Jodeh, Kipp) to the bill's sponsorship list.

Updated the header to reflect 'REREVISED' status and added a specific date (May 11, 2026) for the 3rd Reading Unamended in the Senate.

Reengrossed → Revised · 5 edits · May 8, 2026

MODERATE

The bill was amended from its 'Reengrossed' version to a 'Revised' version to incorporate all amendments adopted during the second reading in the Second House (Senate). This revision updates the bill's title page information, adds the specific date of May 8, 2026, and includes new formatting headers indicating the bill has been amended. Substantive policy text regarding higher education funding metrics and data reporting requirements remains unchanged in this excerpt.

Scope change

The bill's scope and applicability remain unchanged; the revision only reflects procedural updates to the document's header and metadata.

TECHNICAL

Added a new header stating the bill is 'REVISED' and includes amendments adopted on second reading in the Second House.

Inserted the specific date 'May 8, 2026' into the document header.

Removed the 'REENGROSSED' header and the note stating amendments were adopted in the House of Introduction.

Replaced the House-only committee listing with a combined list for both House and Senate committees.

Added a new line item 'Amended 2nd Reading' under the Senate Committees section.

Engrossed → Reengrossed · 3 edits · Apr 30, 2026

MINOR

The bill was reengrossed to add numerous new co-sponsors and update the summary date to reflect the third reading. Substantively, the bill now explicitly excludes students enrolled in co-located degree partnerships from the cohort used to calculate the 150% graduation rate funding metric, ensuring these students are not counted in that specific performance measure.

Scope change

The scope of the funding metric calculation was narrowed by excluding a specific group of students (those in co-located degree partnerships) from the cohort used to determine the 150% graduation rate.

ELIGIBILITY

Added a new exemption stating that students enrolled in co-located degree partnerships are excluded from the cohorts used to calculate the 150% graduation rate funding metric.

TECHNICAL

Added multiple new co-sponsors to the House sponsorship list.

Updated the bill summary header to indicate the version is 'Reengrossed' and the summary date to April 30, 2026.

Introduced → Engrossed · 3 edits · Apr 29, 2026

MINOR

The bill has been formally marked as 'Engrossed' rather than 'Introduced,' indicating it has passed its initial reading in the House and incorporates all amendments. The document now includes specific dates (April 29, 2026) and reading status notes that were not present in the original introduction. No substantive policy changes regarding funding amounts, eligibility criteria, or definitions were identified in this specific text segment.

Scope change

The bill's scope remains focused on higher education funding for the 2027-28 fiscal year, but the document status has advanced from introduction to engrossment with added procedural metadata.

TIMELINE

Added the date April 29, 2026, and a note indicating the bill is unamended on second reading.

TECHNICAL

Changed the bill status header from 'Introduced' to 'Engrossed' to reflect its legislative progress.

Updated the bill number formatting in the page headers from 'HB26-1345' to '1345'.

Higher Education Funding Allocation Model Changes

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