Bill

Bill > SB17


NM SB17

NM SB17
Family Income Index Act


summary

Introduced
02/18/2021
In Committee
03/17/2021
Crossed Over
03/13/2021
Passed
03/19/2021
Dead
Signed/Enacted/Adopted
03/19/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO PUBLIC EDUCATION; ENACTING THE FAMILY INCOME INDEX ACT; REQUIRING THE CALCULATION OF A FAMILY INCOME INDEX AND PROVIDING FOR FUNDING DISTRIBUTIONS TO SCHOOL DISTRICTS THROUGH THAT INDEX; REQUIRING ALLOCATIONS TO ELIGIBLE PUBLIC SCHOOLS; PROVIDING ALLOWABLE USES FOR DISTRIBUTIONS AND ALLOCATIONS; REQUIRING INFORMATION-SHARING AGREEMENTS.

AI Summary

This bill enacts the Family Income Index Act, which requires the calculation of a family income index for each public school in New Mexico. The index is based on the percentage of students in each school who come from households with extremely low, very low, low, moderate, and above average incomes, as defined by the federal poverty level. The bill provides for funding distributions to school districts based on this index, with allocations going to the eligible public schools with the highest family income indices. The funds must be used for specified purposes, such as literacy and math interventions, as well as other support services for students from low-income households.

Committee Categories

Budget and Finance, Education

Sponsors (1)

Last Action

Signed by Governor - Chapter 18 - Apr. 5 (on 03/19/2021)

bill text


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