NEW MEXICO'S LOTTERY SCHOLARSHIP FUND IS NOW ON STEADIER GROUND. GOVERNOR MARTINEZ HAS SIGNED A BILL INTO LAW TO SHORE UP THE FUND, WHICH HASN'T BEEN KEEPING PACE WITH RECENT COLLEGE TUITION INCREASES.
THE NEW STATE BUDGET PROVIDES EXTRA MONEY TO KEEP THE FUND TEMPORARILY SOLVENT. THEN IN 2015, THE PROGRAM WILL GET LIQUOR TAX MONEY FOR TWO YEARS. THE BILL WAS PASSED IN THE FINAL MINUTES OF THE 2014 LEGISLATIVE SESSION.
