0001| SENATE INDIAN AND CULTURAL AFFAIRS COMMITTEE SUBSTITUTE FOR
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0002| SENATE BILL 392
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0003| 43rd legislature - STATE OF NEW MEXICO - second session, 1998
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0004| INTRODUCED BY
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0010|
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0011| AN ACT
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0012| RELATING TO THE PUBLIC PEACE, HEALTH, SAFETY AND WELFARE;
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0013| PROVIDING FOR FAIR DISTRIBUTION OF HIGHER EDUCATION FUNDING;
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0014| PROVIDING STANDARDS FOR A FORMULA.
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0015|
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0016| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0017| Section 1. SHORT TITLE.--This act may be cited as the
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0018| "Higher Education Funding Act".
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0019| Section 2. PURPOSE.--The purposes of the Higher
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0020| Education Funding Act are:
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0021| A. to distribute higher education funding
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0022| equitably among post-secondary institutions receiving state
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0023| funding in New Mexico by increasing funding to those post-
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0024| secondary institutions that receive less than the state
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0025| average in funding per student; and
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- 1 -0001| B. to ensure that all post-secondary institutions
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0002| can recruit and retain high quality personnel and provide
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0003| appropriate regional programming.
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0004| Section 3. DEFINITIONS.--As used in the Higher Education
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0005| Funding Act, "post-secondary institution" means a two- or
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0006| four-year college or university or a vocational or technical
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0007| school located in New Mexico that receives operating funds
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0008| from the state.
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0009| Section 4. FUNDING FORMULA STANDARDS.--
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0010| A. All post-secondary institutions shall receive
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0011| equal distribution of state funds for operational, academic
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0012| and other program expenses based on a formula to be developed
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0013| by the commission on higher education that provides equivalent
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0014| funding per enrolled student.
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0015| B. Post-secondary institutions, the personnel of
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0016| which receive salaries that fall below the regional average
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0017| salary level, shall be identified by the commission on higher
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0018| education. The commission shall report to the legislative
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0019| education study committee on salary disparities among post-
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0020| secondary institution staff and the amount of funding that
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0021| would be required to raise salaries at those post-secondary
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0022| institutions to the regional average.
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0023| C. The legislative education study committee shall
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0024| review the distribution of funds pursuant to the formula
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0025| developed by the commission on higher education to determine
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- 2 -0001| that the distributions are equitable and nondiscriminatory.
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0002| D. Post-secondary institutions shall cooperate with
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0003| the commission on higher education in providing data requested by
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0004| that commission for its review of salaries and per-student
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0005| funding in a uniform manner so that the data can be compared and
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0006| analyzed.
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