Bill > SB129

This bill amends Section 19-1-17 NMSA 1978, which establishes various state funds, including the common school current and permanent funds, university funds, and funds for other state institutions and purposes. The key provisions of this bill are: 1. It creates a new fund called the "early childhood education current fund" to receive 60% of the additional distribution from the permanent school fund of the land grant permanent funds, as provided for in the New Mexico constitution. 2. It requires 40% of the additional distribution from the permanent school fund to be deposited in the "public education reform fund" for enhanced instruction for public school students at risk of failure, extension of the public school year, and public school teacher compensation. The bill aims to allocate a portion of the state's land grant permanent fund revenues to support early childhood education and public education reform initiatives in New Mexico.

Education

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=129&year=23