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Modify Fourth-Year Innovation Pilot Program

Concerning modifications to the fourth-year innovation pilot program, and, in connection therewith, reducing an appropriation.

HB26-1176 2026 Regular Session Signed into Law Education & School Finance (Pre & K-12) Higher Education

Cost estimates

At the first note read
−$662,164
FACT February 9, 2026
At the last note read
−$662,164
FACT July 20, 2026
What it actually cost
not published
No Colorado source reports spending for one bill

Every figure here is an estimate by Legislative Council Staff on the date shown, about the version of the bill in front of them that day. It is not a cost.

The appropriation

The bill reduces an appropriation rather than asking for one.

An appropriation is money the legislature sets aside. It is not money spent.

The appropriation field, read from the note: For the current FY 2025-26, the bill reduces appropriations to the Colorado Department of Higher Education by $30,958. See State Appropriations Section.

Bill summary

     Under the fourth-year innovation pilot program (program), each year the general assembly appropriates an amount to the department of education (department) for the department to distribute to local education providers from which an eligible graduate graduated early. The act:

  • Discontinues the requirement to appropriate money for distribution to eligible local education providers for eligible graduates who graduate during the 2025-26 school year; and
  • Requires the department to prorate the amount distributed from the appropriation, if any.

     Under the program, an eligible graduate may receive funding for tuition, fees, books, transportation, and other costs of attendance associated with their postsecondary program if, among other requirements, the eligible graduate commences their postsecondary program within 18 months after graduating early. The act requires an eligible graduate who graduates early in the 2025-26 school year to commence their postsecondary program by December 31, 2026.

     Under current law, the department of higher education is required to submit a final program evaluation report, including the impacts and outcomes of the program on the student cohorts that participated in the program and recommended next steps for the program. The act repeals this requirement.

     The act reduces an appropriation to the department of higher education for the 2025-26 budget year by $30,958.

FACT Bill summary by Colorado Legislative Council Staff, read 2026-09-23. Printed as published, word for word. Source: leg.colorado.gov (opens in a new tab)