FIFTY-SEVENTH LEGISLATUREHB 7/a
FIRST REGULAR SESSION, 2025
March 20, 2025
Mr. President:
Your TAX, BUSINESS AND TRANSPORTATION COMMITTEE, to whom has been referred
HOUSE BILL 7, as amended
has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:
1. Strike House Appropriations and Finance Committee Amendments 4 through 6.
2. On page 2, between lines 6 and 7, insert:
"SECTION 3. [NEW MATERIAL] ELIGIBILITY REQUIREMENTS.--In addition to other requirements of the Children's Future Act, to be eligible, a beneficiary shall have:
A. continuously had a primary residence in New Mexico since birth;
B. successfully completed a financial literacy course approved by the department; and
C. obtained a high school diploma or high school equivalency credential.".
3. Renumber the succeeding sections accordingly.
4. On page 2, line 10, after "school", insert "or obtain a high school equivalency credential".
___________________________________
Senator Carrie Hamblen, Chair
Adopted_______________________ Not Adopted_______________________
(Chief Clerk) (Chief Clerk)
Date ________________________
The roll call vote was 7 For 2 Against
Yes: Berghmans, Figueroa, Hamblen, Jaramillo, O'Malley, Ramos, Sanchez
No: Paul, Sharer
Excused: Wirth
Absent: None
HB0007CT1.wpd .232015.1