HJR 10 - Extends Education Disbursements from the Land Grant Fund - New Mexico Key Vote
Thomas Taylor voted Nay (Passage) on this Legislation-Joint Resolution.
Timeline
- House Joint Resolution Passed
- Feb. 28, 2013
- Introduced
- Feb. 1, 2013
Related Issues
Stage Details
Title: Extends Education Disbursements from the Land Grant Fund
Vote Smart's Synopsis:
Vote to pass a joint resolution that submits a constitutional amendment to the voters extending the annual distribution percentage from the Land Grant Fund to the permanent school fund.
Highlights:
- Extends the annual 5.8% distribution from the Land Grant Fund to the permanent school fund indefinitely, whereas current law reduces the distribution to 5.5% in 2013 and 5% in 2016 (Sec. 1).
- Authorizes the legislature to reduce the annual distribution from the Land Grant Fund to the permanent school fund by 0.8% with a 3/5 vote (Sec. 1).
- Reduces the annual distribution from the Land Grant Fund to the permanent school fund by 0.8% if the Land Grant Fund falls below $8 billion in value (Sec. 1).
More Info About this Vote
NOTE: AN AMENDMENT TO THE CONSTITUTION REQUIRES MAJORITY APPROVAL IN EACH CHAMBER FOR PASSAGE. IT MUST THEN BE APPROVED BY A MAJORITY OF CITIZENS VOTING IN THE NEXT ELECTION TO BECOME ENACTED.
Title: Extends Education Disbursements from the Land Grant Fund