Bill > HB119

This bill amends the Public School Capital Improvements Act to adjust the amounts used in calculating state distributions to school districts that impose a public school capital improvements tax and to charter schools within those districts. It creates an additional distribution to these school districts and charter schools, and repeals an outdated section of law. The key provisions include: 1) Defining "capital improvements" to include expenditures for various school-related facilities and equipment. 2) Adjusting the formulas for state distributions to these school districts, including a minimum distribution per program unit and an additional amount based on the district's tax rate and enrollment. 3) Requiring these distributions to be used primarily for maintenance projects, and allowing them to be used for certain other capital improvements. 4) Mandating distributions to charter schools within the district, proportional to their enrollment. 5) Repealing an outdated section related to roof repair and replacement. 6) Setting an effective date of July 1, 2022.

Budget and Finance, Education

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=119&year=22