HB 262

                                1  HOUSE BILL 262
                                2     57TH LEGISLATURE - STATE OF NEW MEXICO - SECOND SESSION, 2026
                                3  INTRODUCED BY
                                4  Luis M. Terrazas and Joy Garratt and Brian G. Baca
                                5  and Gabriel Ramos and Tanya Mirabal Moya
                                6
                                7
                                8
                                9
                                10  AN ACT
                                11   RELATING TO PUBLIC SCHOOLS; ADDING A PERMITTED USE FOR MONEY IN
                                12   THE TRANSPORTATION EMERGENCY FUND.
                                13
                                14   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
                                15        SECTION 1.    Section 22-8-29.6 NMSA 1978 (being Laws 1995,
                                16   Chapter 208, Section 15, as amended) is amended to read:
[bracketed material] = delete
                                17        "22-8-29.6.    TRANSPORTATION EMERGENCY FUND.--
underscored material = new
                                18  A.   The "transportation emergency fund" is created
                                19   in the state treasury.    Money in the fund shall not revert to
                                20   the general fund at the end of any fiscal year.    Money in the
                                21   fund is appropriated to the department for the purpose of
                                22   funding transportation emergencies, including fuel price
                                23   increases and grants to small rural school districts for the
                                24   purchase of buses for student activities.    The secretary shall
                                25   make distributions to ensure the safety of students receiving
                                     .233371.2
                                1    to-and-from transportation services.
                                2  B.   The secretary shall account for all
                                3    transportation emergency distributions and shall make full
                                4    reports to the governor, the legislative education study
                                5    committee and the legislative finance committee of payments
                                6    made."
                                7  - 2 -
                                8
                                9
                                10
                                11
                                12
                                13
                                14
                                15
                                16
[bracketed material] = delete
                                17
underscored material = new
                                18
                                19
                                20
                                21
                                22
                                23
                                24
                                25
                                     .233371.2