The First Session of the 57th Legislature

January 2-17, 2025: Legislation may be prefiled
January 21: Opening day (noon)
February 20: Deadline for introduction
March 22: Session ends (noon)
April 11: Legislation not acted upon by governor is pocket vetoed
June 20: Effective date of legislation not a general appropriation bill or a bill carrying an emergency clause or other specified date

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Analyses differ on use of land grant fund (ABQ Jour)

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Analyses differ on use of land grant fund

 

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Vincente Feliciano, president of Advantage Business Consulting, presents a report in favor of using a portion of the Land Grant Permanent Fund for early childhood programs. (Eddie Moore/Albuquerque Journal)

Vincente Feliciano, president of Advantage Business Consulting, presents a report in favor of using a portion of the Land Grant Permanent Fund for early childhood programs. (Eddie Moore/Albuquerque Journal)

SANTA FE – New Mexico’s largest permanent fund would continue to grow by rates higher than inflation even if more money were to be diverted from the fund for early childhood programs, according to a study issued Tuesday by proponents of the legislation.

Specifically, the study, conducted by a Puerto Rico-based consulting firm, found the Land Grant Permanent Fund would grow in size by an annual average of 5.5 percent over the next 10 years if the change was adopted.

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