SENATE BILL 204

57th legislature - STATE OF NEW MEXICO - second session, 2026

INTRODUCED BY

William P. Soules

 

 

 

 

 

AN ACT

MAKING AN APPROPRIATION TO THE HIGHER EDUCATION DEPARTMENT TO SUPPLEMENT REDUCED OR TERMINATED FEDERAL FUNDING FOR EXISTING RESEARCH PROJECTS AT THE UNIVERSITY OF NEW MEXICO, NEW MEXICO STATE UNIVERSITY AND THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY THAT ARE FEASIBLY ABLE TO BE COMPLETED BUT FOR THE REDUCTION OR TERMINATION OF SUCH FUNDING.

 

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

     SECTION 1. APPROPRIATION.--One hundred million dollars ($100,000,000) is appropriated from the general fund to the higher education department for expenditure in fiscal years 2027 and 2028 to supplement reduced or terminated federal funding for existing research projects at the university of New Mexico, New Mexico state university and the New Mexico institute of mining and technology that are feasibly able to be completed but for the reduction or termination in such funding. Any unexpended balance remaining at the end of fiscal year 2028 shall revert to the general fund.

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