Sat Mar 8 4:43PM - 13 days, 18 hours left in session
| Sponsor | ||
|---|---|---|
| Sen. Roberto "Bobby" J. Gonzales | 6 | Los Alamos, Rio Arriba, Santa Fe & Taos |
| Status | |||
|---|---|---|---|
| STBTC | [Referred, not scheduled] | ||
| SFC | |||
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: [8] STBTC/SFC-STBTC
| Legis Day | Action | Details |
|---|---|---|
| 8 | referred | STBTC/SFC |
| 8 | sent | STBTC |
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.
| Feb 20 | filed: [Prefiled by Roberto "Bobby" J. Gonzales; not yet on nmlegis] |
| [new] | |
| sent to STBTC | |
| title: '[prefiled by Roberto "Bobby" J. Gonzales; Not Yet on Nmlegis]' -> 'UNM School of Medicine Fund & Distribution' | |
| actions: 'SPREF' -> '[8] STBTC/SFC-STBTC' | |
| new sponsor: Roberto "Bobby" J. Gonzales |
SENATE BILL 464
57th legislature - STATE OF NEW MEXICO - first session, 2025
INTRODUCED BY
Roberto "Bobby" J. Gonzales
AN ACT
RELATING TO THE UNIVERSITY OF NEW MEXICO SCHOOL OF MEDICINE; DISTRIBUTING A PORTION OF THE GOVERNMENTAL GROSS RECEIPTS TAX TO A NEW UNIVERSITY SCHOOL OF MEDICINE FUND; CREATING THE UNIVERSITY SCHOOL OF MEDICINE FUND; REQUIRING THE UNIVERSITY OF NEW MEXICO SCHOOL OF MEDICINE TO MAKE DEPOSITS TO THE UNIVERSITY SCHOOL OF MEDICINE FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. Section 7-1-6.38 NMSA 1978 (being Laws 1994, Chapter 145, Section 1, as amended) is amended to read:
"7-1-6.38. DISTRIBUTION--GOVERNMENTAL GROSS RECEIPTS TAX.--
A. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made in amounts equal to the following percentages of the net receipts attributable to the governmental gross receipts tax, less the net receipts attributable to a hospital licensed by the [department of] health care authority:
(1) seventy-five percent to the public project revolving fund administered by the New Mexico finance authority;
(2) twenty-four percent to the energy, minerals and natural resources department; provided that forty-one and two-thirds percent of the distribution is appropriated to the energy, minerals and natural resources department to implement the provisions of the New Mexico Youth Conservation Corps Act and fifty-eight and one-third percent of the distribution is appropriated to the energy, minerals and natural resources department for state park and recreation area capital improvements, including the costs of planning, engineering, design, construction, renovation, repair, equipment and furnishings; and
(3) one percent to the cultural affairs department for capital improvements at state museums and monuments administered by the cultural affairs department.
B. The state pledges to and agrees with the holders of any bonds or notes issued by the New Mexico finance authority or by the energy, minerals and natural resources department and payable from the net receipts attributable to the governmental gross receipts tax distributed to the New Mexico finance authority or the energy, minerals and natural resources department pursuant to this section that the state will not limit, reduce or alter the distribution of the net receipts attributable to the governmental gross receipts tax to the New Mexico finance authority or the energy, minerals and natural resources department or limit, reduce or alter the rate of imposition of the governmental gross receipts tax until the bonds or notes together with the interest thereon are fully met and discharged. The New Mexico finance authority and the energy, minerals and natural resources department are authorized to include this pledge and agreement of the state in any agreement with the holders of the bonds or notes.
C. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the university school of medicine fund in an amount equal to the net receipts attributable to the governmental gross receipts tax that are attributable to a hospital licensed by the health care authority."
SECTION 2. [NEW MATERIAL] UNIVERSITY SCHOOL OF MEDICINE FUND.--The "university school of medicine fund" is created as a nonreverting fund in the state treasury. The fund consists of distributions, appropriations, gifts, grants, donations and income from investment of the fund. The health care authority shall administer the fund. Money in the fund is subject to appropriation by the legislature to provide funding for construction and reconstruction of the university of New Mexico school of medicine. Expenditures from the fund shall be by warrant of the secretary of finance and administration pursuant to vouchers signed by the secretary of health care authority or the secretary's authorized representative.
SECTION 3. [NEW MATERIAL] DEPOSITS TO UNIVERSITY SCHOOL OF MEDICINE FUND.--On each July 1 of 2025 through 2034, the university of New Mexico school of medicine shall deposit four million dollars ($4,000,000) in the university school of medicine fund; provided that the revenue used to make the deposit shall not be attributable to appropriations from state funds.
SECTION 4. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2025.
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