44th legislature - STATE OF NEW MEXICO - second session, 2000

RELATING TO PUBLIC SCHOOL FINANCE; INCREASING THE ENROLLMENT GROWTH PROGRAM UNITS.

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

Section 1. Section 22-8-23.1 NMSA 1978 (being Laws 1990 (1st S.S.), Chapter 3, Section 7, as amended) is amended to read:

"22-8-23.1. ENROLLMENT GROWTH PROGRAM UNITS.--A school district with an increase in MEM equal to or greater than one percent, when compared with the immediately preceding year, is eligible for additional program units. The increase in MEM shall be calculated in the following manner using the fortieth day MEM:

(Current Year MEM - Previous Year MEM)

Previous Year MEM X 100 = Percent Increase.

The number of additional program units to which an eligible school district is entitled under this [subsection] section is the number of units computed in the following manner:

(40th day MEM for current year - 40th day MEM for prior

year) X [.50] 1.86 = Units

where MEM is equal to the total school district membership, including early childhood education full-time equivalent membership and special education membership."

Section 2. APPROPRIATION.--Six million two hundred seven thousand dollars ($6,207,000) is appropriated from the general fund to the state department of public education for expenditure in fiscal year 2001 to fund the increase of enrollment growth program units in public schools. Any unexpended or unencumbered balance remaining at the end of fiscal year 2001 shall revert to the general fund.

Section 3. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2000.