Governor Marina del Pilar Ávila Olmeda announced that she signed an initiative to eliminate the Business Trust (Fidem) and that the approximately 180 million pesos annually managed by the trust be used for educational infrastructure.
While the proposal is pending approval by the state Congress, during her morning press conference she stated that there is "a pot" of approximately 380 million pesos. She also included the land with which former governor Jaime Bonilla paid a debt to the trust.
Fidem was created in September 2000 as a Public Administration Trust, and part of its administration is through all the Economic Development Councils, which are made up of business leaders.
While the state governor has already proposed submitting the initiative to eliminate Fidem, she had spoken about the need to allocate these resources to educational infrastructure since last year.