Senate Bill 001 Modifications to PERA.  Sponsored by Representative A. Kerr and Senator B. Shaffer and Penry. 
SB 001contains benefit and contribution changes to the benefit plans of the public employees' retirement association to achieve a sound actuarial response to PERA's current financial situation. SB 001 makes changes to fully amortize the unfunded actuarial accrued liability of each of PERA's divisions and thereby reach a 100% funded ratio for each division within the next 30 years. See PERA Summary.  State fiscal impact: Cost Savings: FY 09-10 $997,657; FY 10-11 $2,992,973. Signed by the Governor 2/23/10.

Senate Bill 036 Program Results for Educator Preparation.  Sponsored by Senator Johnson and Representative Merrifield. 
SB 036 requires CDE to prepare an annual report on educator preparation program effectiveness using data collected through the educator identifier system from an educator in his or her first 3 years of placement. State board of education will promulgate rules regarding methods of data collection and content of the report. Funding is intended to come from the Federal Race to the Top (R2T) grant or private gifts, grants and donations if Colorado does not receive R2T. The bill was amended to include alternative educator preparation programs. State fiscal impact: State Revenue - Cash Funds - State Preparation and Readiness of Educators Program Fund: FY2010-11 $18,932 FY2011-12 $16,729 / State Expenditures - Cash Funds - State Preparation and Readiness of Educators Program Fund: FY2010-11 $13,993 FY2011-12 $11,993 / FY2010-11 0.3FTE, FY2011-12 0.3FTE. Signed by the Governor 1/15/10.

Senate Bill 065 Supplemental Appropriation to the Department of Education.  Sponsored by Representative Pommer and Senator Keller. 
SB 065 includes a recision of almost $130M (2.3%) including the $110m that was required to be signed into law by January 29, 2010, in the 2009 School Finance Act if the money was to be cut and an additional $19.8M for the enrollment and at-risk supplemental submitted by CDE that will not be funded. Reduction of General Fund appropriations of $67M to reflect a higher than anticipated local share. Appropriation of an additional $3.6M to Steamboat to backfill for an over-collection of taxpayer dollars that had to subsequently be refunded. Action to allow CDE the spending authority over $216.6M in federal funds and 6.0 FTEs. Elimination of the $1M in Summer School Grant Program and Financial Literacy funding  State fiscal impact $38.6M increase to CDE; $130M reduction to school districts. Signed by Governor 1/28/10.