summary
Introduced
01/20/2017
01/20/2017
In Committee
01/20/2017
01/20/2017
Crossed Over
Passed
Dead
03/18/2017
03/18/2017
Introduced Session
2017 Regular Session
Bill Summary
AN ACT RELATING TO PUBLIC FINANCE; ENACTING THE EARLY CHILDHOOD LAND GRANT ACT; CREATING THE EARLY CHILDHOOD LAND GRANT PERMANENT FUND AND THE EARLY CHILDHOOD INCOME FUND; PROVIDING FOR ANNUAL DISTRIBUTIONS FROM THE EARLY CHILDHOOD LAND GRANT PERMANENT FUND AND AUTHORIZING EXPENDITURE OF THOSE DISTRIBUTIONS.
AI Summary
This bill establishes the Early Childhood Land Grant Act in New Mexico. It creates the Early Childhood Land Grant Permanent Fund, which will be funded by revenue generated from the management of unleased federal subsurface mineral acreage beneath private land transferred to the state. The fund's annual distributions will go to the Early Childhood Income Fund, which will then be appropriated by the legislature for early childhood services and to cover the state land office's costs associated with managing the transferred lands. The bill aims to increase funding for early childhood programs in New Mexico, which has high rates of child poverty, in order to improve educational and life outcomes for young children.
Committee Categories
Education
Sponsors (1)
Last Action
[LD 4] Referred to Senate Education (on 01/20/2017)
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=S&legtype=B&legno=182&year=17 |
| BillText | http://www.nmlegis.gov/Sessions/17%20Regular/bills/senate/SB0182.pdf |
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