summary
Introduced
01/18/2017
01/18/2017
In Committee
02/11/2017
02/11/2017
Crossed Over
01/26/2017
01/26/2017
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC SCHOOL CAPITAL OUTLAY; REQUIRING SCHOOL DISTRICTS TO DISTRIBUTE CERTAIN SHARES OF PROPERTY TAX REVENUES TO CHARTER SCHOOLS; REQUIRING CERTIFICATION OF CHARTER SCHOOL SHARES OF CERTAIN PROPERTY TAX REVENUES TO SCHOOL DISTRICTS.
AI Summary
This bill requires school districts to distribute a share of their property tax revenue to charter schools within the district. The share is determined based on the proportion of the district's total enrollment that attends the charter school, with the state Department of Education certifying the share to the county treasurer each year. The bill also specifies that if a charter school's share is mistakenly distributed to the school district, the district must then distribute that share to the charter school. The purpose of the bill is to ensure that charter schools receive their fair share of local property tax revenue to support their capital improvement needs.
Committee Categories
Budget and Finance, Education
Sponsors (1)
Last Action
[LD 26] Referred to Senate Finance (on 02/11/2017)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=184&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/house/HB0184.pdf |
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