summary
Introduced
01/26/2015
01/26/2015
In Committee
03/02/2015
03/02/2015
Crossed Over
Passed
Dead
03/21/2015
03/21/2015
Introduced Session
2015 Regular Session
Bill Summary
College affordability endowment fund
AI Summary
This bill appropriates one million dollars ($1,000,000) from the state's general fund to a newly established "college affordability endowment fund" for use in fiscal year 2016 and beyond, with the intention of supporting initiatives aimed at making college more affordable. Importantly, any money in this fund that is not spent or committed by the end of a fiscal year will not be returned to the general fund, meaning it will remain available for future college affordability efforts.
Committee Categories
Budget and Finance, Education
Sponsors (2)
Last Action
[LD 30] Action postponed indefinitely (on 03/02/2015)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=488&year=15 |
| BillText | http://www.nmlegis.gov/Sessions/15%20Regular/bills/senate/SB0488.pdf |
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