On July 1, 2023, the state treasurer is required to transfer $10
million from the severance tax operational fund to the capital construction fund. The money is to be used by state-supported institutions of higher education in energy impacted counties for energy-related programs or projects.
For fiscal year 2023-24, the bill appropriates $6 million to
Colorado Mesa university to expand the university's campus-wide geothermal exchange system. For fiscal year 2023-24, the bill appropriates $4 million to Western Colorado university to provide additional teaching and laboratory space for the university's petroleum geology program and to generally allow for the expansion of the natural and environmental sciences department.
