A. The "public education reform fund" is created as a nonreverting fund in the state treasury and consists of appropriations; unspecified gifts, grants and donations to the fund; and income from investment of the fund.
B. Subject to legislative appropriation, money in the fund is appropriated to the department for the purposes of implementing evidence-based public education initiatives related to high-quality teaching and school leadership, extended learning opportunities for students, educational interventions for at-risk students, effective and efficient school administration or promoting public education accountability.
History: Laws 2019, ch. 206, § 19 and Laws 2019, ch. 207, § 19.
ANNOTATIONSDuplicate laws. — Laws 2019, ch. 206, § 19, effective June 14, 2019, and Laws 2019, ch. 207, § 19, effective June 14, 2019, enacted identical new sections. The section was set out as enacted by Laws 2019, ch. 207, § 16. See 12-1-8 NMSA 1978.
Applicability. — Laws 2019, ch. 206, § 29 provided that the provisions of Laws 2019, ch. 207, § 19 apply to the program cost calculation in fiscal year 2020 and subsequent fiscal years.