APPRENTICESHIP ASSISTANCE ACT TRANSFERS

Summary

The bill moves $2.5 million each to the Public Works Apprentice and Training Fund and the Workforce Solutions Department for the 2024‑25 fiscal year, then $1.5 million each in subsequent years, provided the trust has sufficient funds. It also requires quarterly investment reports and allows limited use of the trust to cover general‑fund shortfalls. The changes aim to support apprenticeship programs and workforce development in New Mexico.

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