New Mexico 2024 Regular Session

New Mexico Senate Bill SB33

Introduced
1/16/24  
Report Pass
1/17/24  

Caption

Children's Next Generation Trust Fund

Impact

The implications of SB33 could be significant, as it directly increases the financial resources available for child protection programs within the state. By ensuring that grant funding does not revert to the general fund at the end of the fiscal year, the bill provides continuous support for these programs, potentially enabling them to plan long-term initiatives. This financial security may empower organizations to implement more effective strategies aimed at addressing children's needs, thereby fostering a safer environment for youth across New Mexico.

Summary

Senate Bill 33, introduced by Gerald Ortiz y Pino during the 2024 Second Session of the New Mexico Legislature, focuses on increasing funding aimed at protecting children. The bill appropriates a total of ten million dollars from the general fund, specifically allocating six million dollars to the Children's Trust Fund and four million dollars to the Next Generation Fund. This funding is intended to enhance the capacity of programs dedicated to safeguarding children, thereby supporting initiatives that cater to their welfare and development.

Contention

While the bill seems to broadly promote children's welfare, discussions surrounding its funding allocations and the intended impact of these programs are expected. Stakeholders may express differing views on the effectiveness of increasing funding, suggesting potential scrutiny over how the funds are managed and used. The success of SB33 will hinge on the implementation of these grants and the transparency associated with their usage, which will be closely monitored by advocacy groups and legislative committees alike.

Companion Bills

No companion bills found.

Previously Filed As

NM HB140

Tribal Education Trust Fund

NM HB361

Children's Trust Fund

NM HB365

Geothermal Center & Fund

NM HB142

Generating Facility And Mine Remediation

NM SB140

Nm Housing Trust Fund

NM SB131

Public School Funding Changes

NM SB9

Create Legacy Permanent Funds

NM SB195

Water Protection Permanent Fund

NM HB174

Underground Injection Fund

NM SB8

Geothermal Resources Development

Similar Bills

No similar bills found.