New Mexico 2025 Regular Session

New Mexico House Bill HB272 Compare Versions

Only one version of the bill is available at this time.

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28	28	HOUSE BILL 272
29	29	57TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 2025
30	30	INTRODUCED BY
31	31	Cathrynn N. Brown and Rod Montoya
32	32	AN ACT
33	33	RELATING TO EDUCATION; ENACTING THE TRADE EDUCATION ASSISTANCE
34	34	ACT; CREATING THE TRADE EDUCATION ASSISTANCE FUND; MAKING AN
35	35	APPROPRIATION.
36	36	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
37	37	SECTION 1. [NEW MATERIAL] SHORT TITLE.--This act may be
38	38	cited as the "Trade Education Assistance Act".
39	39	SECTION 2. [NEW MATERIAL] DEFINITIONS.--As used in the
40	40	Trade Education Assistance Act:
41	41	A. "department" means the higher education
42	42	department; and
43	43	B. "trade education program" means a program
44	44	approved by the department to train individuals to qualify for
45	45	licenses or certificates of competence issued pursuant to the
46	46	Construction Industries Licensing Act.
47	47	.229569.1 underscored material = new
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74	74	SECTION 3. [NEW MATERIAL] STIPENDS--ELIGIBILITY--
75	75	AMOUNTS.--
76	76	A. An individual may be awarded a stipend pursuant
77	77	to the Trade Education Assistance Act if the individual:
78	78	(1) is a resident of New Mexico;
79	79	(2) has earned at least a high school diploma
80	80	or its equivalent at least two years prior to being awarded a
81	81	stipend but has not earned a baccalaureate degree;
82	82	(3) is participating in a trade education
83	83	program;
84	84	(4) claims at least one dependent on the
85	85	individual's federal or state income tax return and is not
86	86	claimed as a dependent on another individual's federal or state
87	87	income tax return; and
88	88	(5) has complied with other rules promulgated
89	89	by the department to carry out the provisions of the Trade
90	90	Education Assistance Act.
91	91	B. Stipends shall be awarded for periods no longer
92	92	than six months. Stipends may be renewed for not longer than a
93	93	total of two years.
94	94	C. A stipend may be terminated if a recipient fails
95	95	to satisfactorily participate in a trade education program
96	96	approved by the department.
97	97	D. Stipends may be used by recipients for living
98	98	expenses incurred while participating in a trade education
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127	127	program approved by the department.
128	128	E. Stipends shall not exceed thirty thousand
129	129	dollars ($30,000) per calendar year.
130	130	SECTION 4. [NEW MATERIAL] DEPARTMENT DUTIES--RULEMAKING
131	131	AUTHORITY--REPORTING.--
132	132	A. The department shall administer the Trade
133	133	Education Assistance Act and shall award stipends to
134	134	individuals the department certifies as participating in a
135	135	trade education program as approved by the department.
136	136	B. The department shall promulgate rules as
137	137	necessary to implement the Trade Education Assistance Act.
138	138	C. The department shall report by November 1 of
139	139	each year to the legislative finance committee and the
140	140	department of finance and administration on the:
141	141	(1) status of the trade education assistance
142	142	fund;
143	143	(2) number of individuals who received
144	144	stipends in the prior fiscal year and the amount of stipends
145	145	received; and
146	146	(3) types of trade education programs approved
147	147	by the department and the number of stipend recipients
148	148	participating in each type of program in the prior calendar
149	149	year.
150	150	SECTION 5. [NEW MATERIAL] TRADE EDUCATION ASSISTANCE
151	151	FUND.--The "trade education assistance fund" is created as a
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180	180	nonreverting fund in the state treasury. The fund consists of
181	181	appropriations, gifts, grants, donations to the fund and income
182	182	from investment of the fund. The department shall administer
183	183	the fund, and money in the fund is appropriated to the
184	184	department to implement the provisions of the Trade Education
185	185	Assistance Act. Disbursements from the fund shall be made by
186	186	warrant of the secretary of finance and administration pursuant
187	187	to vouchers signed by the secretary of higher education or the
188	188	secretary's authorized representative.
189	189	SECTION 6. APPROPRIATION.--One hundred million dollars
190	190	($100,000,000) is appropriated from the general fund to the
191	191	trade education assistance fund for expenditure in fiscal year
192	192	2026 and subsequent fiscal years for the purpose of
193	193	implementing the provisions of the Trade Education Assistance
194	194	Act. Any unexpended or unencumbered balance remaining at the
195	195	end of a fiscal year shall not revert to the general fund.
196	196	SECTION 7. EFFECTIVE DATE.--The effective date of the
197	197	provisions of this act is July 1, 2025.
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