summary
Introduced
01/18/2022
01/18/2022
In Committee
02/16/2022
02/16/2022
Crossed Over
02/12/2022
02/12/2022
Passed
02/17/2022
02/17/2022
Dead
Signed/Enacted/Adopted
03/01/2022
03/01/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC SCHOOLS; AUTHORIZING THE NEW MEXICO FINANCE AUTHORITY TO MAKE CHARTER SCHOOL FACILITY LOANS; CREATING THE CHARTER SCHOOL FACILITY REVOLVING FUND; REQUIRING REPORTS; REQUIRING NOTIFICATION TO CHARTER SCHOOLS OF PROPERTY AVAILABLE FOR THEIR EDUCATIONAL OPERATIONS; ALLOWING SCHOOL DISTRICTS TO DEVELOP FACILITY PRIORITIZATION PLANS; MODIFYING THE TERMS APPLICABLE TO GRANTS FROM THE PUBLIC SCHOOL CAPITAL OUTLAY FUND FOR LEASED FACILITIES; SPECIFYING THE DATE BY WHICH CHARTER SCHOOLS MUST PROVIDE INFORMATION ON CAPITAL IMPROVEMENT PROJECTS PROPOSED FOR FUNDING THROUGH PROPERTY TAX IMPOSITION; MAKING AN APPROPRIATION.
AI Summary
This bill authorizes the New Mexico Finance Authority to make loans to charter schools for the purchase, construction, expansion, or renovation of facilities, or to pay off lease-purchase agreements. It creates a Charter School Facility Revolving Fund within the New Mexico Finance Authority to administer these loans. The bill also requires school districts to notify charter schools of available facilities, allows school districts to develop facility prioritization plans, modifies the terms for grants from the Public School Capital Outlay Fund for leased facilities, and specifies the date by which charter schools must provide information on capital improvement projects proposed for funding through property tax imposition.
Committee Categories
Budget and Finance, Education
Sponsors (6)
Cathrynn Brown (R)*,
Crystal Diamond Brantley (R)*,
Meredith Dixon (D)*,
Joy Garratt (D)*,
Siah Hemphill (D),
Joshua Hernandez (R),
Last Action
Signed by Governor - Chapter 19 - Mar. 1 (on 03/01/2022)
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/Legislation/Legislation?chamber=H&legtype=B&legno=43&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/final/HB0043.pdf |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/house/HB0043.pdf |
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