HB 449 — HIGHER EDUCATION MAJOR PROJECTS FUND

HOUSEAN BILLACT 449RELATING 57THTO LEGISLATURECAPITAL -IMPROVEMENTS; STATEOFNEWMEXICO- FIRST SESSION, 2025 INTRODUCED BY Derrick J.

LenteCREATING ThisTHE documentHIGHER mayEDUCATION incorporateMAJOR amendmentsPROJECTS proposedFUND; by a committee, but not yet adopted, as well as amendments that have been adopted during the current legislative session.

The document is a tool to show amendments in context and cannot be used for the purpose of adding amendments to legislation.

h AN ACT g o RELATING TO CAPITAL IMPROVEMENTS;

CREATING THE HIGHER EDUCATION t hr g e i k MAJOR PROJECTS FUND;

h r i s PROVIDING CRITERIA FOR FUNDING;

h , t, REQUIRING THE HIGHER EDUCATION DEPARTMENT TO ADOPT SPACE AND e u g e b l e e h DESIGN STANDARDS;

ALLOWING THE LEGISLATURE TO WAIVE MATCH n d d i = = o h REQUIREMENTS.

l9 ] b ,d i a º e r i = r t e w d m a n o BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

dSECTION m1. :

bHIGHER eEDUCATION dMAJOR sPROJECTS ºFUND-- oCREATED.-- tA. n = .229954.4AIC March 4, 2025 (6:53pm) s k m e e a n e d r e l u [ A d SECTION 1.

[NEW MATERIAL] HIGHER EDUCATION MAJOR PROJECTS FUND--CREATED.-- A.

(1) for the four-year educational institutions, major capital projects for instruction and HB 449/a Page 1 general and research purposes, which means projects costing h g fifty million dollars ($50,000,000) or more;

and o t hr (2) for the four- and the two-year educational g e i k institutions HAFCº and tribal colleges located in New hMexico, r i s h Mexico»HAFC , student housing and student life projects.

, t, e u g C.

Except as provided in Subsection D of this e b l e e h section, eligible major projects shall meet the following n d d i = = o h criteria before appropriations are made from the fund:

l(1) ]for bdesign ,dphase ifunding, athe ºeducational einstitution rshall iprovide =at rleast (1)a fortwenty-five designpercent phasematch funding,from thesources educationalother tthan ethe wstate dfor mmajor ainstructional nand ogeneral institutionand shallresearch providepurposes and at least a twenty-fivefifty percent match dfrom msources :other than the state for student housing and student life projects;

b e d s º o t n = .229954.4AIC March 4, 2025 (6:53pm) s k m e - 2 - e a n e d r e l u [ A d from sources other than the state for major instructional and general and research purposes and at least a fifty percent match from sources other than the state for student housing and student life projects;

(a) at least a fifty percent match from sources other than the state for two-year educational institutions HAFCº and tribal colleges located in New Mexico»HAFCMexico; ;

HB 449/a Page 2 D.

Student housing and student life projects shall h g adhere to space and design standards adopted by the higher o t hr education department.

To the extent a HAFCº major»HAFC capital g e i k outlay project exceeds the standards, the associated costs h r i s h shall not be paid by the state.

, t, e u g E.

The match requirements provided for in e b l e e h Subsection C of this section may be eligible to be waived upon n d d i = = o h a finding by the department that the educational institution l ] b ,d i a º e r i = r cannot reasonably afford the required match with institutional t e w d m a n o reserves, bonds or other sources available to the educational dinstitution. m :

b e d s º o t n = .229954.4AIC March 4, 2025 (6:53pm) s k m e - 3 - e a n e d r e l u [ A d institution.

In addition to other requirements in this section, an educational institution shall provide to the HB 449/a Page 3 department and the legislative finance committee documentation showing historic on-campus student populations and the expected number of on-campus students to be served by a new facility and h g documentation demonstrating the new facility's compliance with o t hr existing institutional space standards and policies.

g e i k H.

h r i s (1) "department" means the higher education h , t, e u g department;

e b l e e h (2) "four-year educational institution" means n d d i = = o h a university enumerated in Article 12, Section 11 of the l ] b ,d i a º e r i = r constitution of New Mexico;

and t(3) e"two-year weducational dinstitution" mmeans a npublic ocommunity (3)college, "two-yearincluding educationalbranch institution"community meanscolleges, but does not mean a dconstitutional mspecial :school.

bHB e449/a dPage s º o t n = .229954.4AIC March 4, 2025 (6:53pm) s k m e - 4 -25 e a n e d r e l u [ A d HAFCºpublic»HAFC community college HAFCºor a tribal college located wholly within the exterior boundaries of New Mexico»HAFC HAFCº, including branch community colleges»HAFC , but does not mean a constitutional special school.

- 5 - » g o » r h t i k l i g t h s , e h t l i w l b l e e , g n d l h = = b , a l º d i a r e r = , a t e d m a n o d m :

b r e t º o t n = .229954.4AIC March 4, 2025 (6:53pm) s k em e e a n e d r e l u [ A d