NM TECH STUDENT SUCCESS CENTER

HB 499 provides $2.55 million in state funding from the general fund to New Mexico Institute of Mining and Technology (NM Tech) to cover operational costs for a new STEM-focused Student Success Center. The center will support students in science, technology, engineering, and math fields at NM Tech during fiscal years 2026 through 2028. Any unspent funds by the end of 2028 must be returned to the general fund. This bill directly affects NM Tech students and its Board of Regents, establishing a specific funding mechanism for the center's operations.