Bill > SB268

This bill appropriates a total of $5 million from the state's general fund to support athletics at two public universities in New Mexico: the University of New Mexico (UNM) and New Mexico State University (NMSU). Specifically, the bill provides $2.5 million to UNM for athletics funding in fiscal year 2026 with no additional conditions. For NMSU, the bill also provides $2.5 million, but with a contingency that the university must hire an athletic director who has at least five years of experience in name, image, and likeness (NIL) policy, which refers to regulations allowing college athletes to profit from their personal brand and endorsements. Any funds from either appropriation that remain unspent or uncommitted by the end of fiscal year 2026 will be returned to the state's general fund. The bill appears designed to support collegiate athletic programs while also potentially encouraging professional development in the emerging NIL policy landscape.

Education

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=268&year=25