SEVERANCE BONDS FOR ED. TECHNOLOGY

Summary

The bill keeps in place a program that lets the state sell supplemental severance tax bonds to fund broadband and other technology projects in schools, up to $10 million each fiscal year. The education technology infrastructure fund receives the bond proceeds, and the program will remain active until July 1, 2030. It affects the state board of finance, the director of the office of broadband access and expansion, and New Mexico schools that need technology upgrades.

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