Bill > SB199

This bill amends existing law to allow funds from the "educational television equipment replacement fund" to be used for educational radio equipment as well. The fund, which is a nonreverting fund meaning it doesn't return to the general treasury at the end of a fiscal year, is managed by the higher education department. This department will establish guidelines for how money from the fund can be disbursed to state institutions of higher education and public schools for the replacement of equipment at their educational television and radio stations. The bill also clarifies the legislative intent that future appropriations should specifically include line items for both educational television and radio equipment replacement.

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=199&year=26