Bill > HB331

This bill makes temporary adjustments to the transportation distribution formula for New Mexico school districts and charter schools for fiscal year 2022 to account for the effects of the COVID-19 pandemic. Specifically, the bill requires the state transportation director to use data from fiscal year 2020 instead of the typical prior year data when calculating transportation allocations for school districts and charter schools. This is intended to hold them harmless from funding declines that may have resulted from decreased transportation needs during the pandemic. The bill also provides context on how the transportation allocation formula is typically calculated, including the use of "annual variables" and "base amounts" to determine the funding distribution.

Education

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=331&year=21