AN ACT
RELATING TO HIGHER EDUCATION; CREATING
THE WORK FORCE SKILLS DEVELOPMENT FUND; PROVIDING MATCHING FUNDS FOR COMMUNITY
COLLEGE PROGRAMS.
BE IT ENACTED BY THE LEGISLATURE OF
THE STATE OF NEW MEXICO:
Section 1. WORK FORCE SKILLS DEVELOPMENT FUND
CREATED--ALLOCATIONS--APPLICATION REVIEW PANELS.--
A. The "work force skills development
fund" is created in the state treasury.
The fund shall consist of appropriations, income from investment of the
fund, gifts, grants, donations and bequests.
Money in the fund shall not revert at the end of any fiscal year. The fund shall be administered by the
commission on higher education and money in the fund is appropriated to the
commission to provide matching funds to community colleges for the development,
expansion and support of broad-based entry-level high-skills training
programs. Money from the fund shall be
expended on warrants of the secretary of finance and administration upon
vouchers signed by the executive director of the commission on higher education
or his authorized representative.
B. Individual community colleges or a consortium
of community colleges may apply for matching grants from the work force skills
development fund in accordance with rules promulgated by the commission on
higher education. Allocations from the
fund shall be based on a competitive process with applications reviewed by a
panel of education, business and labor experts established by the commission. To apply for a grant, a community college or
consortium must have equal or greater matching funds for the proposal from
sources other than the state.
HB 394
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