New Mexico 2023 Regular Session

New Mexico Senate Bill SB237

Introduced
1/25/23  

Caption

University Analysis And Research Grant Pgm

Impact

If enacted, SB237 will notably impact state laws regarding educational funding and the procedures through which universities access state grants. The bill creates a dedicated grant fund within the state treasury, which ensures that financial resources are readily available for qualifying universities. By appropriating an initial amount of five million dollars, the legislation aims to sustain the program across multiple fiscal years, further embedding the role of universities in state governance and policy-making processes.

Funding

The establishment of the University Analysis and Research Grant Fund is a key feature of SB237. This fund is set up to receive appropriations, gifts, grants, and other sources of funding, making it flexible in its financial structures. The bill outlines necessary administrative tasks for the Higher Education Department, including the creation of application deadlines, grant guidelines, and monitoring the utilization of funds to ensure compliance with allocated purposes.

Summary

Senate Bill 237, also known as the University Analysis and Research Grant Act, establishes a program within the Higher Education Department aimed at providing financial support to universities for research and analysis projects. The program is designed to facilitate collaborations between state agencies and universities by awarding grants to help fulfill specific research needs identified by these agencies. The overarching goal is to enhance the capacity of higher education institutions to contribute to state goals through empirical research and analysis.

Contention

Debate around SB237 may arise from differing opinions on budget allocation and the role of state funding in higher education. Proponents argue that the bill is vital for advancing public service through scholarly research, while critics may express concern over the financial implications, especially regarding how this funding affects other areas of higher education or government priorities. Additional points of contention may focus on the specific oversight mechanisms for grant disbursement and whether the governance structure allows for adequate accountability.

Companion Bills

No companion bills found.

Previously Filed As

NM SB236

University Faculty Research Grant Act

NM SB432

Behavioral Health Grant Pgm. & Fund

NM SB25

Research Grants Closing Fund

NM SB20

Technology Research Collaborative Fund

NM SB42

Comprehensive Addiction And Recovery Pgm

NM SB8

Veterinary Medical Loan Repayment Pgm

NM HB262

Transfer Connect Nm Grant Program

NM HB504

National Research Facility Gross Receipts

NM SB3208

Relating To The Research Corporation Of The University Of Hawaii.

NM SB1511

Relating To The Research Corporation Of The University Of Hawaii.

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