(1) There is created the Colorado opportunity scholarship initiative within the department. The executive director or his or her designee shall appoint the director of the initiative from existing personnel who shall administer the initiative in accordance with rules promulgated by the board pursuant to section 23-3.3-1004 (4).
(2) On or before June 30, 2015, the director of the initiative shall report to the education committees of the house of representatives and senate, or to any successor committees, concerning the recommendations prepared by the board pursuant to section 23-3.3-1004 (4)(c).