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NM SB341

NM SB341
Leg. Approp For Comm Schools Fund


summary

Introduced
02/09/2021
In Committee
03/12/2021
Crossed Over
03/04/2021
Passed
03/15/2021
Dead
Vetoed
03/15/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO COMMUNITY SCHOOLS; MAKING THE COMMUNITY SCHOOLS FUND SUBJECT TO APPROPRIATION BY THE LEGISLATURE.

AI Summary

This bill amends the existing Community Schools Fund in New Mexico to make it subject to appropriation by the state legislature. The Community Schools Fund was previously a nonreverting fund, meaning the money in the fund did not revert back to the state's general fund at the end of the fiscal year. This bill changes the fund to be subject to legislative appropriation, which means the legislature will allocate funding to the fund on an annual basis as part of the state budget process.

Committee Categories

Budget and Finance, Education

Sponsors (1)

Last Action

Vetoed by Governor (on 03/15/2021)

bill text


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