Summary:

 Senate Bill 82 (SB 82) amends public school capital outlay projects grant assistance to extend provisions to reduce shares for certain school districts through Fiscal Year 2027. SB 82 eliminates some of the criteria the Public School Capital Outlay Council is required to consider before making an adjustment to a school district’s local share and makes conforming amendments.
 

Legislation Overview:

 Senate Bill 82 (SB 82) amends Section 22-24-5 NMSA 1978 (being Laws 1975, Chapter 235, Section 5, as amended) relating to public school capital outlay projects grant assistance to extend provisions to reduce local shares for certain school districts. In Section 1, Subsection B(6)(b) is amended to extend the date to Fiscal Year 2028. Subsection B(9)(b) is amended to reduce the requirements the Public School Capital Outlay Council is required to consider in the share formula and to delete the requirements for growth and construction specified in (9)(c).

 

Current Law:

 Public Schools Section 22-24-5 NMSA 1978 (being Laws 1975, Chapter 235, Section 5, as amended) Capital Outlay addressing grant assistance for certain public school districts ends in Fiscal Year 2027. The requirements for the share formula are specified. 
 

Amendments:

 Senate Bill 82 regarding public school capital outlay projects was amended on the House Floor to increase the full-time-equivalent students in Section 1 of Public School Capital Outlay Projects, Subsection B, which states the provisions for grant assistance, in B(9)(b), which allows the council may adjust the amount of a school district’s local share if: 
(b) the school district has fewer than an average of 1,500 (formerly 800) full-time-equivalent students on the second and third reporting dates of the prior school year …