SENATE BILL 227
56th legislature - STATE OF NEW MEXICO - second session, 2024
MAKING AN APPROPRIATION TO THE HIGHER EDUCATION DEPARTMENT FOR CENTRAL NEW MEXICO COMMUNITY COLLEGE, IN COLLABORATION WITH SAN JUAN COLLEGE AND SOUTHEAST NEW MEXICO COLLEGE, TO DEVELOP AND START ENTREPRENEUR-IN-DEVELOPMENT PROGRAMS TO FOSTER AND NURTURE LOCAL COMPANIES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--Three million dollars ($3,000,000) is appropriated from the general fund to the higher education department for expenditure in fiscal years 2025 through 2027 for central New Mexico community college, in collaboration with San Juan college and southeast New Mexico college, to develop and start entrepreneur-in-development programs to foster and nurture local companies. Any unexpended or unencumbered balance remaining at the end of fiscal year 2027 shall revert to the general fund.
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