NM HB7

Amends the Workforce Development and Apprenticeship Trust Fund to establish annual transfers beginning July 1, 2026

$2,500,000 transferred annually to the Public Works Apprentice and Training Fund

$2,500,000 appropriated annually to the Workforce Solutions Department to carry out the Apprenticeship Assistance Act

Fund investments must follow the Uniform Prudent Investor Act and be made in consultation with the state treasurer

Trust fund money may be used to cover general fund shortfalls only after exhausting the appropriation contingency fund, general fund operating reserve, and tax stabilization reserve