Education

This procedural memorial (HM 4) requests the Legislative Finance Committee to study health insurance access for public higher education educators and graduate student employees across New Mexico's public universities. The study will examine current coverage gaps - such as UNM being the only institution providing employer-funded medical insurance for graduate students - and evaluate options for expanding medical, dental, and vision coverage, including fiscal impacts and workforce effects, with a report due by October 2026.

HB 8 creates a $300 million Higher Education Major Projects Fund in New Mexico's state treasury, funded by a transfer from the general fund. The bill allows state universities and community colleges to use these funds for major construction projects, including research facilities costing $50 million or more, student housing, and student life facilities like recreation centers. It requires institutions to cover 25-50% of project costs through non-state sources (like donations or bonds), with waivers possible if institutions cannot afford matches. Initial priorities include $150 million for a new UNM medical school, $50 million for a NMSU building, and $100 million for student housing statewide.