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AN ACT

RELATING TO PUBLIC SCHOOL FINANCE; EXTENDING THE LIFE OF THE

FUNDING FORMULA STUDY TASK FORCE; CHANGING MEMBERSHIP.

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

Section 1. Section 22-8-46 NMSA 1978 (being Laws 2005,

Chapter 49, Section 1) is amended to read:

"22-8-46. FUNDING FORMULA STUDY TASK FORCE CREATED--

MEMBERSHIP--DUTIES.--

A. The "funding formula study task force" is

created. The task force shall function from the date of its

appointment until December 15, 2007.

B. The task force is composed of the following

members:

(1) three members from the house of

representatives and three members from the senate appointed by

the New Mexico legislative council;

(2) three members appointed by the governor;

(3) four representatives of public school

administrators, including one each from a small district, a

growth district, an impact aid district and a mid-sized

district. The members shall be appointed by the New Mexico

legislative council from a list submitted by the New Mexico

superintendents' association;

(4) the president of the New Mexico school

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board association or the president's designee; and

(5) one representative of a statewide

teacher organization appointed by the New Mexico legislative

council.

C. Vacancies on the task force shall be filled by

appointment by the original appointing authority.

D. Members of the task force are entitled to per

diem and mileage as provided in the Per Diem and Mileage Act

and shall receive no other compensation, perquisite or

allowance.

E. Staff for the task force shall be provided by

the legislative council service, the legislative education

study committee, the legislative finance committee, the public

education department and the office of education

accountability of the department of finance and

administration. Staff shall provide technical assistance to

the contractor.

F. The task force shall:

(1) develop a work plan and budget for

approval by the New Mexico legislative council;

(2) approve the request for proposals for a

contractor to conduct the study of the public school funding

formula and select the contractor; and

(3) make recommendations to the legislature

and the governor by December 15, 2007.

G. The request for proposals shall request a

comprehensive study of the public school funding formula,

including the expectations of the public and statutory

requirements for New Mexico's public education system; the

costs of those expectations and requirements; and a thorough

analysis of all formula components and consideration of

possible changes to the formula, including:

(1) a revised training and experience index

aligned to the three-tiered licensure system for teachers;

(2) size factors associated with small

schools and small school districts; and

(3) any other factor with the potential to

affect the equity and efficacy of the funding formula as a

whole." HB 42

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