|Our district applauds the Senate for passing S.B. 462, which we believe is a creative way to use capital outlay funds to restore district cash balances. We thank the House for taking positive action and passing the measure, and we encourage the Governor to sign this legislation.
Senate Bill 462 will lessen the blow of previous cash sweeps by protecting our bond rating while returning our cash balance to a safe level. Not only Santa Fe Public Schools, but all districts across New Mexico will benefit from this action. Ultimately, our students, faculty, staff, and community will be the beneficiaries.