SENATE BILL 268

57th legislature - STATE OF NEW MEXICO - first session, 2025

INTRODUCED BY

George K. Muñoz and Benny Shendo, Jr. And Antonio Maestas

and Nicole Tobiassen

 

 

 

 

AN ACT

MAKING APPROPRIATIONS TO THE BOARD OF REGENTS OF THE UNIVERSITY OF NEW MEXICO AND THE BOARD OF REGENTS OF NEW MEXICO STATE UNIVERSITY TO FUND ATHLETICS.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. APPROPRIATION.--Two million five hundred thousand dollars ($2,500,000) is appropriated from the general fund to the board of regents of the university of New Mexico for expenditure in fiscal year 2026 to fund athletics. Any unexpended or unencumbered balance remaining at the end of fiscal year 2026 shall revert to the general fund.

     SECTION 2. APPROPRIATION.--Two million five hundred thousand dollars ($2,500,000) is appropriated from the general fund to the board of regents of New Mexico state university for expenditure in fiscal year 2026 to fund athletics contingent on New Mexico state university hiring an athletic director with at least five years of name, image and likeness policy experience. Any unexpended or unencumbered balance remaining at the end of fiscal year 2026 shall revert to the general fund.

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