The New Mexico House of Representatives passed a bill outlining how a state institution could take over the College of Santa Fe, keeping hope alive that the four-year, cash-strapped college would not need to permanently shut down.
The bill passed 49-16 but could face some opposition in the Senate. The Santa Fe New Mexican has already reported the following: “Already, Sen. John Arthur Smith, D- Deming, has said that approving giving new money to any project would be a challenge under the current financial climate.”
Operators of the college have already announced it will shut down in May, but the question has become whether or not a closure would be permanent.
A takeover would cost $35 million, and operation of the college would cost $3 million per year.
The bill was sent on with an emergency clause, which means if the bill is passed with two-thirds support of the Senate, the legislation would go into effect immediately if Gov. Bill Richardson signs the bill into law.