45th legislature - STATE OF NEW MEXICO - second session, 2002

MAKING APPROPRIATIONS FOR EDUCATION-RELATED FISCAL AND OTHER STUDIES.

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

Section 1. APPROPRIATION.--

A. The following amounts are appropriated from the general fund to the legislative education study committee for expenditure in fiscal years 2002 and 2003 for the following purposes:

(1) one hundred fifty thousand dollars ($150,000) to pay per diem and mileage expenses and other costs of the legislative education study committee ad hoc committee on education reform; and

(2) one hundred twenty thousand dollars ($120,000) to contract for an independent study of the effect of the instructional staff training and experience index on the proposed professional educator licensing and salary system and the state equalization guarantee distribution; provided that the state department of public education, the legislative finance committee and the legislative council service shall cooperate in the study.

B. One hundred fifty thousand dollars ($150,000) is appropriated from the general fund to the legislative council service for expenditure in fiscal years 2002 and 2003 to contract for an independent study of the land grant permanent fund and the severance tax permanent fund and other funding options to secure a permanent revenue source to fund education reform measures and to investigate anticipated long-term economic and social gains to the state resulting from the increased economic and social contributions of citizens educated to higher standards as formulated in the 2001 education reform proposal. The legislative education study committee, the legislative finance committee and the state department of public education shall cooperate in the study.

C. Any unexpended or unencumbered balance of appropriations made in this section remaining at the end of fiscal year 2003 shall revert to the general fund.