The bill amends Section 21-1-34 of the New Mexico Statutes to expand the scope of the "educational television equipment replacement fund" to include disbursements for educational radio equipment. The fund is established as a nonreverting fund in the state treasury, and the higher education department is tasked with developing criteria and rules for the disbursement of funds for equipment replacement at both educational television and radio stations operated by state institutions of higher education or public schools.

Additionally, the bill emphasizes the legislature's intent to include a specific line item for educational television and radio replacement in future appropriations. It removes previous language regarding the reversion of appropriations to the general fund, ensuring that funds allocated to the educational television equipment replacement fund will not revert at the end of the fiscal year unless explicitly stated.

Statutes affected:
introduced version: 21-1-34