Higher Ed. Major Projects Fund

Became law

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Where it is in the process

Plain-English Summary

This bill creates the "Higher Education Major Projects Fund" to pay for large construction projects at New Mexico's two-year and four-year colleges. The fund will support projects like research buildings, student housing, and athletic facilities, with specific matching fund requirements from the institutions. The legislature can waive these matching requirements in some cases, and the bill initially transfers $300 million from the general fund to this new fund.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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