Posted at: 03/12/2014 1:40 PM
By: BARRY MASSEY, Associated Press
SANTA FE (AP) - Gov. Susana Martinez has signed a measure into law to shore up the finances of a college scholarship program that relies on lottery revenue.
The governor signed the bill Wednesday, which was the deadline for acting on measures passed by the Legislature.
The scholarship program will receive liquor tax money for two years starting in 2015. Until that happens, a newly enacted state budget provides extra money to keep the program solvent.
Scholarships reductions have been looming because lottery proceeds aren't keeping pace with college tuition increases.
Also signed by the governor were measures to prevent high school graduation requirements from changing for students once they enter the 9th grade. The new law also permits marching band, athletics and other classes to meet physical education requirements for high school students.
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