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Bill > HB103


NM HB103

NM HB103
Cnm Venture Studio


summary

Introduced
01/20/2022
In Committee
01/31/2022
Crossed Over
Passed
Dead
02/17/2022

Introduced Session

2022 Regular Session

Bill Summary

AN ACT MAKING AN APPROPRIATION TO THE HIGHER EDUCATION DEPARTMENT FOR THE CENTRAL NEW MEXICO COMMUNITY COLLEGE TO DEVELOP AND LAUNCH A VENTURE STUDIO TO BUILD AND DEVELOP LOCAL COMPANIES.

AI Summary

This bill appropriates $5 million from the general fund to the Higher Education Department for Central New Mexico Community College to develop and launch a venture studio to build and develop local companies. The funding is available for expenditure from fiscal years 2023 through 2026, and any remaining balance at the end of fiscal year 2026 will revert to the general fund.

Committee Categories

Budget and Finance, Education

Sponsors (3)

Last Action

House Appropriations & Finance Committee (13:30 2/7/2022 Room) (on 02/07/2022)

bill text


bill summary

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