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NM SJR3

NM SJR3
Permanent Funds For Early Childhood, Ca


summary

Introduced
01/17/2017
In Committee
01/17/2017
Crossed Over
Passed
Dead
03/18/2017

Introduced Session

2017 Regular Session

Bill Summary

A JOINT RESOLUTION PROPOSING AN AMENDMENT TO ARTICLE 12, SECTION 7 OF THE CONSTITUTION OF NEW MEXICO, SUBJECT TO THE APPROVAL OF CONGRESS, TO PROVIDE FOR AN ADDITIONAL ANNUAL DISTRIBUTION OF ONE AND ONE-HALF PERCENT OF THE PERMANENT FUNDS, OF WHICH THE AMOUNT DISTRIBUTED FROM THE PERMANENT SCHOOL FUND SHALL BE USED FOR EARLY CHILDHOOD EDUCATION SERVICES, AS PROVIDED BY LAW. .

AI Summary

This Joint Resolution proposes an amendment to the New Mexico Constitution to allow for an additional annual distribution of 1.5% from the state's permanent funds, which are investments derived from lands granted to the state. Specifically, the portion distributed from the Permanent School Fund would be dedicated to early childhood education services, defined as nonsectarian programs for children not yet eligible for kindergarten, administered by state agencies, Native American tribes, or specialized schools. This amendment requires approval from the U.S. Congress before it can be put to a vote by New Mexico citizens.

Sponsors (1)

Last Action

Senate Rules Committee (08:30 2/13/2017 Room 321) (on 02/13/2017)

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