summary
Introduced
01/19/2021
01/19/2021
In Committee
03/15/2021
03/15/2021
Crossed Over
03/17/2021
03/17/2021
Passed
Dead
03/20/2021
03/20/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC SCHOOLS; AMENDING THE PUBLIC SCHOOL CAPITAL OUTLAY ACT; CHANGING THE FORMULA FOR EXPENDITURES FOR CORE ADMINISTRATIVE FUNCTIONS OF THE PUBLIC SCHOOL FACILITIES AUTHORITY.
AI Summary
This bill amends the Public School Capital Outlay Act to change the formula for expenditures on the core administrative functions of the Public School Facilities Authority. Specifically, it increases the percentage of the average annual grant assistance authorized from the Public School Capital Outlay Fund that can be used for the authority's core administrative functions from 3 to 5 percent, and changes the calculation period from the previous 3 to the previous 5 fiscal years. The bill also includes provisions related to funding for portable classrooms, lease payments, school security systems, and pre-kindergarten classrooms.
Committee Categories
Budget and Finance, Education
Sponsors (1)
Last Action
Passed in the Senate - Y:40 N:1 (on 03/17/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=54&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0054.pdf |
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