Bill > HB149

Introduced Session

AN ACT RELATING TO CHARTER SCHOOLS; AMENDING THE DEFINITION FOR "QUALIFIED ENTITY" IN THE NEW MEXICO FINANCE AUTHORITY ACT TO INCLUDE A NONPROFIT FOUNDATION OR SUPPORT ORGANIZATION AFFILIATED WITH A CHARTER SCHOOL; AUTHORIZING THE NEW MEXICO FINANCE AUTHORITY TO MAKE LOANS FROM THE CHARTER SCHOOL FACILITY REVOLVING FUND TO NONPROFIT FOUNDATIONS OR SUPPORT ORGANIZATIONS AFFILIATED WITH CHARTER SCHOOLS; REQUIRING THAT THE AMOUNT OF A GRANT FROM THE PUBLIC SCHOOL CAPITAL OUTLAY FUND FOR LEASE ASSISTANCE TO A CHARTER SCHOOL BE THE GREATEST OF THE POSSIBLE AUTHORIZED AMOUNTS; LIMITING A CHARTER SCHOOL'S LOCAL SHARE OF A PUBLIC SCHOOL CAPITAL OUTLAY PROJECT QUALIFIED UNDER THE EDUCATIONAL ADEQUACY CATEGORY TO TEN PERCENT; MAKING CONFORMING AMENDMENTS; MAKING A TRANSFER FROM THE PUBLIC SCHOOL CAPITAL OUTLAY FUND TO THE CHARTER SCHOOL FACILITY REVOLVING FUND.

AI Summary

Committee Categories

Joy Garratt (D)*,  Wonda Johnson (D),  Kristina Ortez (D),  Bill Sharer (R), 

Sent to HAFC - Referrals: HAFC (on 02/11/2026)

Official Document