HB 449 New Mexico House · 2025 Regular Session

HIGHER EDUCATION MAJOR PROJECTS FUND

HB 449 creates a state fund to finance major capital projects at New Mexico's public higher education institutions. It specifically funds projects costing $50 million or more for instruction/research at four-year universities and student housing/life projects at both two- and four-year schools. The bill requires institutions to provide matching funds (25-50% from non-state sources) and comply with space/design standards set by the Higher Education Department, with limited waivers available if institutions cannot afford matches. The bill passed the Senate but was pocket vetoed by the governor on April 14, 2025, meaning it did not become law.
Bill status vetoed 4 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Mar 2025
Vetoed
Apr 2025
Introduced Feb 17, 2025 Vetoed Apr 14, 2025
Maddy AI version diff · 1 comparison

What changed between versions

introduced version Final Version · 6 edits
MODERATE
The bill was reorganized and simplified from a multi-page draft into a clean final version. The core policy content remains largely the same, creating a new Higher Education Major Projects Fund for capital improvements at New Mexico colleges. Key changes include clarifying the fund's structure, specifying eligible uses (instruction/research projects over $50M and student housing projects), and establishing match requirements (25% for design, 10% for construction) with waiver possibilities.
Scope change
The bill's scope remains focused on capital improvements for higher education institutions in New Mexico, but the final version clarifies definitions for 'four-year' and 'two-year' institutions and adds requirements for documenting student population projections and facility compliance with existing space standards.
TECHNICAL

Removed bracketed editorial markup, page numbers, and draft annotations to create a clean final version of the bill text.

REQUIREMENT

Added new requirement for educational institutions to provide documentation showing historic on-campus student populations and expected enrollment for new facilities.

Added requirement that construction phase funding cannot be appropriated until at least 50% of design phase is complete and design documents are submitted to the department and legislative finance committee.

DEFINITION

Added formal definitions for 'department', 'four-year educational institution', and 'two-year educational institution' to clarify which schools qualify for funding.

ELIGIBILITY

Clarified that student housing and student life projects must adhere to space and design standards adopted by the higher education department, with state funding withheld if projects exceed standards.

FISCAL

Consolidated and clarified match requirements: 25% match required for design phase funding and 10% match required for construction phase funding, with different percentages for two-year institutions (50%) versus four-year institutions (20%).

Floor votes · Senate Mar 21, 2025 · House Mar 7, 2025

How they voted

350
Passed · 5 other
Total votes 40
Mar 21, 2025
D Democratic24
22 Yea 2
91% Yea
R Republican16
13 Yea 3
81% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
8
Key actions
5
Committee
3
Apr 14, 2025
Vetoed
Pocket Veto
executive
Mar 21, 2025
Upper · Passed
passed Senate
upper
Mar 17, 2025
Upper · Passed
DO PASS committee report adopted
upper
Mar 7, 2025
Introduced
Sent to Senate Finance Committee
upper
Mar 7, 2025
Lower · Passed
passed House
lower
Mar 5, 2025
Lower · Passed
DO PASS, as amended, committee report adopted
lower
Mar 3, 2025
Lower · Passed
DO PASS committee report adopted
lower
Feb 17, 2025
Introduced
Sent to House Education Committee & House Appropriations & Finance Committee
lower
2 primary · 0 co-sponsors

Sponsors