New MexicoProposal would fund University of New Mexico’s new medical school facility
The University of New Mexico would receive $546.6 million from the state’s general fund to build, equip, and furnish a new medical school facility during fiscal years 2027 through 2030.
What it does
The proposal would set aside $546.6 million for a University of New Mexico medical school facility. Unspent money would return six months after completion or at fiscal year 2030’s end, whichever comes first.
Argument forMoney for construction and equipment could give University of New Mexico medical students a new place to learn.
Argument againstSetting aside $546.6 million from the general fund could leave less state money available for other public needs.
More detail
The state would set aside $546.6 million from its general fund to build, equip, and furnish a new medical school facility. The University of New Mexico’s board of regents would receive the money for the university’s medical school facility. Unspent money would return to the state’s general fund six months after the project is completed or by the end of fiscal year 2030, whichever comes first. The money would be available to spend during fiscal years 2027 through 2030.
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Mar 24action postponed indefinitelyLatest
- Jan 27DO PASS committee report adoptedMinor
- Jan 21germane
- Jan 20Sent to Senate Committees' Committee & Senate Health and Public Affairs Committee & Senate Finance CommitteeIntroduced
EducationHealthcareTaxes & Budget