CHANGE K-12 PROGRAM UNIT CALCULATION

HB 161 adjusts how New Mexico school districts calculate funding for "K-12 plus schools" - those offering more than 1,140 instructional hours annually (1,195+ hours for extended calendars). It modifies the formula to award higher funding rates (16 thousandths vs. 12 thousandths) for schools exceeding 1,195 instructional hours, based on actual hours and days taught. This directly affects school districts operating extended-calendar programs, changing how they receive state funding for those schools. The bill requires districts to submit student participation data by October 15 annually for the next school year’s funding calculations.