Sat Mar 8 5:03PM - 13 days, 17 hours left in session
| Sponsors | ||
|---|---|---|
| Rep. Doreen Y. Gallegos | 52 | Doña Ana |
| Rep. D. Wonda Johnson | 5 | McKinley & San Juan |
| Status | |||
|---|---|---|---|
| House | 🗓 Sat Mar 8 | 12:00 PM | House Floor |
This is the official nmlegis action history. I'm doing my best to translate the LONG/WEIRD-STRING to something less gibberishy. And before you ask, no, the "Legis Day" number has no mapping to the real world.
Actions: HPREF [2] HEC/HAFC-HEC [6] DP-HAFC [8] DP
| Legis Day | Action | Details | ||
|---|---|---|---|---|
| 0 | prefile | H | ||
| 2 | referred | HEC/HAFC | ||
| 2 | sent | HEC | ||
| 6 | passed | HEC (view committee report) | DP | 10-2; nays: Baca, Vincent |
| 6 | sent | HAFC | ||
| 8 | passed | HAFC (view committee report) | DP | 12-3; nays: Dow, Pettigrew, Vincent |
This table shows bill actions detected on Ed's system, using heuristics that may not be 100% accurate and which may not reflect the "official" nmlegis chronology. It is probably more than you care to know.
| Jan 10 | filed: [Prefiled by Doreen Y. Gallegos; not yet on nmlegis] |
| Jan 23 | referred to HEC/HAFC; sent to HEC |
| actions: 'HPREF' -> 'HPREF [2] HEC/HAFC-HEC' | |
| Feb 5 | new sponsor: D. Wonda Johnson |
| Feb 11 | scheduled for HEC on Fri Feb 14, 09:00 |
| Feb 14 | passed HEC; sent to HAFC |
| actions: 'HPREF [2] HEC/HAFC-HEC' -> 'HPREF [2] HEC/HAFC-HEC [6] DP-HAFC' | |
| Feb 19 | scheduled for HAFC on Thu Feb 20, 13:30 |
| Feb 21 | passed HAFC; sent to Speaker's Table |
| actions: 'HPREF [2] HEC/HAFC-HEC [6] DP-HAFC' -> 'HPREF [2] HEC/HAFC-HEC [6] DP-HAFC [8] DP-T' | |
| on House calendar for Sat Feb 22, 12:30 | |
| Feb 22 | on House calendar for Mon Feb 24, 10:30 |
| actions: 'HPREF [2] HEC/HAFC-HEC [6] DP-HAFC [8] DP-T' -> 'HPREF [2] HEC/HAFC-HEC [6] DP-HAFC [8] DP' | |
| Feb 24 | on House calendar for Tue Feb 25, 10:38 |
| Feb 25 | on House calendar for Wed Feb 26, 10:30 |
| Feb 26 | on House calendar for Thu Feb 27, 10:30 |
| Feb 27 | on House calendar for Fri Feb 28, 10:30 |
| Feb 28 | on House calendar for Sat Mar 1, 13:00 |
| Mar 2 | on House calendar for Mon Mar 3, 10:30 |
| Mar 3 | on House calendar for Tue Mar 4, 10:30 |
| Mar 4 | on House calendar for Wed Mar 5, 10:30 |
| Mar 5 | on House calendar for Thu Mar 6, 10:30 |
| Mar 6 | on House calendar for Fri Mar 7, 10:30 |
| Mar 7 | on House calendar for Sat Mar 8, 12:00 |
HOUSE BILL 71
57th legislature - STATE OF NEW MEXICO - first session, 2025
INTRODUCED BY
Doreen Y. Gallegos and D. Wonda Johnson
AN ACT
RELATING TO PUBLIC FINANCE; INCREASING THE AMOUNT THAT IS ANNUALLY TRANSFERRED TO THE EARLY CHILDHOOD EDUCATION AND CARE PROGRAM FUND FROM THE EARLY CHILDHOOD EDUCATION AND CARE FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. Section 9-29A-1 NMSA 1978 (being Laws 2020, Chapter 3, Section 1, as amended) is amended to read:
"9-29A-1. EARLY CHILDHOOD EDUCATION AND CARE FUND.--
A. The "early childhood education and care fund" is created within the state treasury. The fund shall consist of distributions, appropriations, gifts, grants and donations. Income from investment of the fund shall be credited to the fund. Money in the fund shall be expended only as provided in this section.
B. The state investment officer, subject to the approval of the state investment council, shall invest money in the early childhood education and care fund:
(1) in accordance with the prudent investor rule set forth in the Uniform Prudent Investor Act; and
(2) in consultation with the state treasurer.
C. The state investment officer shall report quarterly to the legislative finance committee and the state investment council on the investments made pursuant to this section. Annually, a report shall be submitted no later than October 1 each year to the legislative finance committee, the revenue stabilization and tax policy committee and any other appropriate interim committees.
D. On July 1 of each year, a distribution shall be made from the early childhood education and care fund to the early childhood education and care program fund in an amount equal to the greater of five percent of the average of the year-end market values of the fund for the immediately preceding three calendar years or [two hundred fifty million dollars ($250,000,000)] five hundred million dollars ($500,000,000).
E. In addition to the distribution pursuant to Subsection D of this section, money in the early childhood education and care fund may be expended in the event that general fund balances, including all authorized revenues and transfers to the general fund and balances in the general fund operating reserve, the appropriation contingency fund, the tobacco settlement permanent fund, the state-support reserve fund and the tax stabilization reserve, will not meet the level of appropriations authorized from the general fund for a fiscal year. In that event, to avoid an unconstitutional deficit, the legislature may appropriate from the early childhood education and care fund to the general fund only in the amount necessary to meet general fund appropriations for that fiscal year and only if the legislature has authorized transfers from the appropriation contingency fund, the general fund operating reserve, the tax stabilization reserve and the tobacco settlement permanent fund that exhaust those fund balances."
SECTION 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2025.
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