Joint Budget Committee. Under existing law, the appropriation
to the university of Colorado for fee-for-service contracts for health services is reduced by a certain amount of additional medicaid reimbursements and payments received by the state pursuant to the federalFamilies First Coronavirus Response Act (additional medicaid payments) through December 31, 2024. The bill continues this provision until July 1, 2026.
As additional medicaid payments are phased out, the general fund
appropriation to the university of Colorado for fee-for-service contracts is increased. The bill exempts the increased general fund appropriations in the 2024-25 and 2025-26 state fiscal years made as a result of the phased out additional medicaid payments from the required annual increase in student financial assistance.
The bill reduces the appropriation to the department of higher
education for the 2024-25 state fiscal year for need-based grants by $2,273,392.
