HOUSE BILL 107
56th legislature - STATE OF NEW MEXICO - first session, 2023
REPEALING THE OPPORTUNITY SCHOLARSHIP ACT; DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. REPEAL.--Sections 21-21R-1 through 21-21R-8 NMSA 1978 (being Laws 2022, Chapter 42, Sections 1 through 8) are repealed.
SECTION 2. TEMPORARY PROVISION--FUND BALANCES TO GENERAL FUND.--The higher education department shall not distribute money in the opportunity scholarship fund after the semester of any public post-secondary educational institution or tribal college that is contemporaneous with the repeal of the Opportunity Scholarship Act. Any unexpended or unencumbered balance in the opportunity scholarship fund on July 1, 2023 shall revert to the general fund.
SECTION 3. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.
- 2 -