Bill > HJR10

This Joint Resolution proposes an amendment to the New Mexico Constitution to allow for additional annual distributions from the state's permanent funds, specifically the permanent school fund, which is derived from lands granted to the state by Congress. The amendment, if approved by voters and Congress, would direct a portion of these additional distributions to be used for implementing and maintaining educational programs and early childhood education services, defined as nonsectarian services for children until they are eligible for kindergarten. The resolution also outlines specific percentages of the fund's average market value that would be distributed for these purposes and specifies that the legislature can suspend these additional distributions with a three-fifths vote.