HOUSE BILL 172
54th legislature - STATE OF NEW MEXICO - second session, 2020
Nathan P. Small and Raymundo Lara and Patricia Roybal Caballero
MAKING AN APPROPRIATION TO THE HIGHER EDUCATION DEPARTMENT TO PROVIDE FUNDING FOR PUBLIC POST-SECONDARY EDUCATIONAL INSTITUTIONS TO OFFSET COSTS INCURRED IN WAIVING TUITION FOR HIGH SCHOOL STUDENTS IN THE STATE'S DUAL CREDIT PROGRAM.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--Ten million dollars ($10,000,000) is appropriated from the general fund to the higher education department for expenditure in fiscal year 2021 to provide funding for public post-secondary educational institutions to offset costs incurred in waiving tuition for high school students in the state's dual credit program. Any unexpended or unencumbered balance remaining at the end of fiscal year 2021 shall revert to the general fund.