New Mexico 2022 Regular Session

New Mexico Senate Bill SB149

Introduced
1/24/22  
Report Pass
1/25/22  

Caption

Rural Libraries Endowment Fund

Impact

The impact of SB149 is expected to be substantial as it addresses the longstanding issue of resource limitations faced by rural libraries. The appropriated funds will allow these institutions to improve their facilities, increase the availability of books and learning materials, and possibly expand programs that promote literacy and education in these areas. Given the critical role libraries play in community development, the bill could foster greater educational opportunities and promote lifelong learning among residents in rural New Mexico.

Summary

Senate Bill 149 aims to enhance access to library resources in rural areas of New Mexico by making a significant appropriation to the Rural Libraries Endowment Fund. Specifically, the bill allocates ten million dollars ($10,000,000) from the state general fund to support the operations and expansion of rural libraries. This funding is intended to facilitate various provisions as outlined in Sections 18-18-1 through 18-18-4 NMSA 1978, effectively enhancing the educational and informational resources available to underserved communities in the state.

Contention

While many stakeholders support SB149 for its potential to benefit rural communities, there may also be debate regarding the effectiveness and allocation of funds. Concerns could arise over whether $10 million is sufficient to meet the needs of all rural libraries or whether the funding should be distributed based on specific metrics of necessity. Additionally, discussions around ongoing financial support beyond the initial appropriation could be central to ensuring the sustainability of improvements made possible through this funding.

Companion Bills

No companion bills found.

Previously Filed As

NM SB214

Rural Libraries Endowment Fund

NM SB170

Rural Libraries Endowment Fund

NM SB209

Rural Libraries Endowment Fund

NM SB2097

The creation of a rural community endowment fund and a rural community endowment fund committee; to provide an appropriation for the rural community endowment fund; to provide for a transfer; and to provide for a report.

NM SB202

Standardize State Investment Fund Language

NM SB98

Ak Perm Fund Corp. & Pce Endowment Fund

NM SB76

Rural Air Service Changes

NM AB926

Cemeteries: endowment funds.

NM SB672

Creates and modifies provisions relating to disbursements of funds to libraries by the state librarian

NM SB9

Create Legacy Permanent Funds

Similar Bills

No similar bills found.