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NM HB262

Bill

Official Source

Status

Introduced

1/30/2026

Primary Sponsor

Luis Terrazas

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Amends Section 22-8-29.6 NMSA 1978 to expand permitted uses of the Transportation Emergency Fund
  • Adds grants to small rural school districts for the purchase of buses for student activities as an allowable expenditure
  • Fund currently covers transportation emergencies including fuel price increases and ensuring student safety for to-and-from transportation services
  • Money in the fund does not revert to the general fund at the end of any fiscal year
  • Secretary must account for all distributions and report payments to the governor, legislative education study committee, and legislative finance committee

Legislative Description

School Transport Emergency Fund Uses

Last Action

Sent to HEC - Referrals: HEC/HAFC

1/30/2026

Committee Referrals

Education1/30/2026

Full Bill Text

No bill text available