(1)(a) For the 2023-24 budget year, a district's at-risk funding, as determined pursuant to section 22-54-104 (4), is the greater of the district's at-risk funding amount for the 2022-23 budget year or the district's at-risk funding amount for the 2023-24 budget year.(b) For the 2024-25 budget year, a district's at-risk funding, as determined pursuant to section 22-54-104 (4), is the greater of the district's at-risk funding amount for the 2023-24 budget year or the district's at-risk funding amount for the 2024-25 budget year.(2)(a) If, pursuant to subsection (1)(a) of this section, a district's at-risk funding amount for the 2022-23 budget year was greater than the district's at-risk funding amount for the 2023-24 budget year, any additional amount owed to that district for at-risk funding for the 2023-24 budget year must be paid after mid-year revisions are made to replace projections with actual figures.(b) If, pursuant to subsection (1)(b) of this section, a district's at-risk funding amount for the 2023-24 budget year was greater than the district's at-risk funding amount for the 2024-25 budget year, any additional amount owed to that district for at-risk funding for the funding amount for the 2023-24 budget year was greater than the district's at-risk funding amount for the 2024-25 budget year, any additional amount owed to that district for at-risk funding for the 2024-25 budget year must be paid after mid-year revisions are made to replace projections with actual figures.(3) This section is repealed, effective July 1, 2025.Amended by 2024 Ch. 235,§ 11, eff. 5/23/2024.Added by 2023 Ch. 189,§ 5, eff. 5/15/2023. For the legislative declaration in SB 23-287, see section 1 of chapter 189, Session Laws of Colorado 2023. For the legislative declaration in SB 24-188, see section 1 of chapter 235, Session Laws of Colorado 2024.
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