HB 207/a PUBLIC SCHOOL CAPITAL OUTLAY GRANTS

Rep Joy Garratt

Actions: [3] HEC/HAFC-HEC [9] DP-HAFC [10] DP/a [13] PASSED/H (64-1) [8] SEC-SEC [10] DP [15] PASSED/S (36-0) SGND BY GOV (Mar. 1) Ch. 37.

Scheduled: Not Scheduled

 House Bill 207 (HB 207) relates to finance and requires the Public School Capital Outlay Council to provide grants from the Public School Capital Outlay Fund for lease assistance. HB 207 makes an appropriation. 

 House Bill 207 (HB 207) relates to finance and requires the Public School Capital Outlay Council (Council) to provide grants from the Public School Capital Outlay Fund (Fund) for lease assistance.

SECTION 1 amends Public Schools Section 22-24-4 NMSA 1978 (being Laws 1975, Chapter 235, Section 4, as amended) in Subsection I to delete “may” and insert “shall”, which requires the Council to provide grants from the Fund for lease assistance.

SECTION 2 makes an appropriation of $10,000,000 from the General Fund to the Department of Finance and Administration for expenditure in Fiscal Year 2025 and subsequent fiscal years for the New Mexico Finance Authority to provide loans for leasing expenses as required to administer the charter school facility revolving fund. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the General Fund.  

 House Bill 207 (HB 207) allows the Public School Outlay Council to option to provide lease assistance. 

 Amended February 6, 2024 IN HAFC HBa/HB 207: The House Appropriations and Finance amends HB 207, to strike the appropriation. The amendment strikes MAKING AN APPROPRIATION from the title and strikes Section 2, lines 12-19, which makes the appropriation.