Bill > SJR17

This Joint Resolution proposes an amendment to the New Mexico Constitution to allow for an additional annual distribution of one percent from the state's permanent funds, specifically targeting the Permanent School Fund. This additional money, if the fund's average market value exceeds ten billion dollars, is intended to be used to extend the school day and school year, as determined by law. The resolution also outlines how the permanent funds are managed and invested, including restrictions on corporate stock investments, and specifies that the proposed amendment will be put to a vote of the people at the next election.