The act discontinues the annual transfers from the state education fund to the Colorado teacher of the year fund for the Colorado teacher of the year program and to the early literacy fund for specified purposes in support of the 'Colorado READ Act'. The Colorado teacher of the year fund and the early literacy fund are repealed, effective September 1, 2027.     The act permits the general assembly to appropriate money from the state education fund for the Colorado teacher of the year program and requires the general assembly to annually appropriate at least $34 million from the state education fund for the same specified purposes in support of the 'Colorado READ Act'.(Note: This summary applies to this bill as enacted.)