Colorado § 24-48.5-503 - Program scholarship award - selection criteria - amount - use of award.
Full text of Colorado Colorado Revised Statutes § 24-48.5-503 — Program scholarship award - selection criteria - amount - use of award., with citation guidance and answers to common questions.
§ 24-48.5-503. Program scholarship award - selection criteria - amount - use of award.
(1) (a) The office or vendor shall accept and review scholarship applications and award scholarships in accordance with the office's program policies and procedures. The office or vendor shall award scholarships to:
(I) Eligible students who intend to enroll or train at a service provider to pursue an in-demand or high-priority postsecondary pathway, including students who intend to enroll full-time and those who intend to enroll part-time; and
(II) After awarding scholarships to all eligible students described in subsection (1)(a)(I) of this section, to eligible students who intend to enroll or train at a service provider in a program of study that is not aligned to an in-demand or high-priority postsecondary pathway.
(b) The office or vendor shall not require a student to demonstrate financial need to receive a scholarship and shall not consider an eligible student's financial need in determining scholarship awards.
(2) (a) The office or vendor awarding scholarships shall determine the amount of each scholarship award consistent with program policies and procedures, up to a maximum of one thousand five hundred dollars; except that the amount of money distributed to the service provider pursuant to subsection (3)(b) of this section must not be greater than the student's total cost of tuition, fees, books, and equipment.
(b) Scholarship money is distributed to the service provider for use by the student.
(3) (a) A student may use a scholarship award for tuition, fees, books, and equipment at a service provider.
(b) Scholarship money must be expended no later than July 31, 2025. On August 1, 2025, a service provider shall return all unused scholarship money to the office.
Source: L. 2023: Entire part added, (SB 23-205), ch. 200, p. 1025, § 2, effective August 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 24-48.5-503
What does Colorado Revised Statutes § 24-48.5-503 cover?
Section 24-48.5-503 ("Program scholarship award - selection criteria - amount - use of award.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 24-48.5-503?
A common citation format is "Colorado Revised Statutes § 24-48.5-503" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 24-48.5-503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.