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NM SB140

NM SB140
Opportunity Scholarship Act


summary

Introduced
01/20/2022
In Committee
02/16/2022
Crossed Over
02/13/2022
Passed
02/17/2022
Dead
Signed/Enacted/Adopted
03/04/2022

Introduced Session

2022 Regular Session

Bill Summary

AN ACT RELATING TO HIGHER EDUCATION; ENACTING THE OPPORTUNITY SCHOLARSHIP ACT; AMENDING, REPEALING AND ENACTING SECTIONS OF THE NMSA 1978; MAKING AN APPROPRIATION.

AI Summary

This bill, the Opportunity Scholarship Act, establishes a new scholarship program for eligible New Mexico residents enrolled in at least 6 credit hours at public post-secondary educational institutions or tribal colleges. The scholarship covers up to 100% of tuition and fees after other state aid is applied. Eligible students must maintain a 2.5 GPA and can receive the scholarship until they earn a bachelor's degree or 160 credit hours. The Higher Education Department will administer the program, including setting rules for student eligibility and award amounts. The bill also creates the Opportunity Scholarship Fund to support the program and repeals existing scholarship programs.

Committee Categories

Budget and Finance, Education

Sponsors (2)

Last Action

Signed by Governor - Chapter 42 - Mar. 4 (on 03/04/2022)

bill text


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