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Committee hears House Bill 8 to create a higher-education major projects fund; sponsors roll bill for cleaner substitute

New Mexico Senate Finance Committee · February 13, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

House Bill 8 would create a higher-education major projects fund, shifting large capital projects out of the GO bond and directing $150 million to the UNM School of Medicine and money for statewide student life/housing; supporters urged passage but sponsors rolled the item to prepare a cleaner substitute.

The committee took up House Bill 8, which would create a higher‑education major projects fund and reallocate capital funding to support large campus projects and student life and housing statewide. Sponsors described a $300 million transfer in the budget that would seed the fund, including $150 million targeted for the UNM School of Medicine and $100…

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