Sat Mar 8 5:31PM - 13 days, 17 hours left in session
| Sponsor | ||
|---|---|---|
| Sen. Michael Padilla | 14 | Bernalillo |
| Status | |||
|---|---|---|---|
| SRC ✓ | Passed, Feb 17, with Do Pass recommendation | ||
| SEC ✓ | Passed, Feb 24, with Do Pass recommendation | ||
| SFC | [Referred, not scheduled] | ||
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: [2] SRC/SEC/SFC-SRC [6] DP-SEC [9] DP-SFC
| Legis Day | Action | Details | ||
|---|---|---|---|---|
| 2 | referred | SRC/SEC/SFC | ||
| 2 | sent | SRC | ||
| 6 | passed | SRC (view committee report) | DP | 7-2; nays: Duhigg, Stewart |
| 6 | sent | SEC | ||
| 9 | passed | SEC (view committee report) | DP | 9-0 |
| 9 | sent | SFC |
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 28 | filed: [Prefiled by Michael Padilla; not yet on nmlegis] |
| [new] | |
| sent to SRC | |
| title: '[prefiled by Michael Padilla; Not Yet on Nmlegis]' -> 'Early Childhood Trust Fund, CA' | |
| actions: 'SPREF' -> '[2] SRC/SEC/SFC-SRC' | |
| new sponsor: Michael Padilla | |
| Feb 7 | scheduled for SRC on Mon Feb 10, 08:30 |
| Feb 13 | scheduled for SRC on Fri Feb 14, 08:30 |
| Feb 14 | added to SRC agenda on Mon Feb 17, 08:30 |
| Feb 17 | passed SRC; sent to SEC |
| actions: '[2] SRC/SEC/SFC-SRC' -> '[2] SRC/SEC/SFC-SRC [6] DP-SEC' | |
| Feb 19 | scheduled for SEC on Fri Feb 21, 09:00 |
| Feb 21 | rescheduled for SEC on Mon Feb 24, 08:30 |
| Feb 24 | passed SEC; sent to SFC |
| actions: '[2] SRC/SEC/SFC-SRC [6] DP-SEC' -> '[2] SRC/SEC/SFC-SRC [6] DP-SEC [9] DP-SFC' |
SENATE JOINT RESOLUTION 6
57th legislature - STATE OF NEW MEXICO - first session, 2025
INTRODUCED BY
Michael Padilla
A JOINT RESOLUTION
PROPOSING TO ADD A NEW SECTION 23 OF ARTICLE 20 OF THE CONSTITUTION OF NEW MEXICO TO CREATE THE EARLY CHILDHOOD TRUST FUND TO BE USED EXCLUSIVELY FOR PRENATAL AND EARLY CHILDHOOD PROGRAMS AND SERVICES, EXCEPT WHEN STATE FUNDS WILL NOT MEET PREVIOUSLY AUTHORIZED EXPENSES.
BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. It is proposed to amend Article 20 of the constitution of New Mexico by adding a new Section 23 to read:
"A. The "early childhood trust fund" is created as a permanent trust fund in the state treasury. Money in the fund shall be invested as provided by law for prenatal programs and services and for early childhood programs and services for children until they are eligible for kindergarten, and money distributed from the fund shall only be used for those programs and services, expenses of administering those programs and services and as provided in Subsection D of this section.
B. All additions to the fund and all earnings, including realized and unrealized gains and losses from investment of the fund, shall be credited to the corpus of the fund.
C. As provided by law, an annual distribution shall be made 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 five hundred million dollars ($500,000,000).
D. Money in the fund may be expended in the event of a failure in revenue where state fund balances, as provided by law, will not meet the level of appropriations authorized for the current fiscal year. In that event, to avoid a deficit, the legislature may appropriate from the fund only in the amount necessary to meet the appropriations for that fiscal year and only if the legislature has authorized transfers from the state fund balances that exhaust those fund balances."
SECTION 2. The amendment proposed by this resolution shall be submitted to the people for their approval or rejection at the next general election or at any special election prior to that date that may be called for that purpose.
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