ALBUQUERQUE, N.M. (KRQE) – New Mexico voters approved hundreds of millions of dollars for higher education earlier this month and the University of New Mexico is getting a big piece of the pie. UNM is receiving nearly $95 million out of the $230 million voters approved.   Story continues below Investigation: Migrants held by smugglers escape after APD responds to wrong home Trending: VIDEO: Black Bear plays in the snow in northern New Mexico Community: New Mexico filmmakers highlight the struggles of Hermits Peak Calf Canyon Fire victims Podcast: More Seniors & Fewer Children: The Future of New Mexico A major portion of that money will stay in Albuquerque to help renovate aging facilities, as well as start construction on a new building. There's excitement on campus for those in the College of Pharmacy as they now have the funding to start work on renovations after getting $35 million from GO Bond Three, approved by voters two weeks ago.   "This renovation and the space we are going to gain in the second and third floor will bring those researchers together so we can have that increased collaboration which will only elevate our research program," said Donald Godwin, Dean of the UNM College of Pharmacy. This building is over 50 years old and has not had a major upgrade in that time. Godwin said they spend roughly $500,000 on heating and cooling a year. The money will allow the university to upgrade the HVAC and electrical system as well as modernize all three floors and add windows for more light. This funding will cover phase one of the project. [hase two would cover the laboratory renovations in the basement.   “Be able to do the active learning that we need to do in health care professions today, a lot better offices but one of the biggest things, it's going to make this building much more energy efficient,” said the UNM  Dean of College of Arts and Sciences, Jennifer Malat.  That project is expected to take 20 months.   The College of Pharmacy isn't the only part of campus seeing major improvements. $52 million from that GO Bond funding will go toward starting construction on a brand-new humanities building.   “It's time to stop trying to stop to try to rehabilitate this building. It faces a number of structural challenges including the roof leaking, flooding coming into the basement. There are accessibility challenges,” said Malat.  Those working in the old building will move out after winter break, and demolition is set to start next year. The new building, to be constructed on the same site, is expected to be completed in three years. “This building will really be an important part of the heart of campus, and we are excited to have a space that welcomes people in who are students taking classes who are visitors to campus,” Malat.   The university will need more funding to complete the humanities building and move on to another phase of improvements for the pharmacy building. UNM plans to ask for that funding at January's legislative session.  Another $7.5 million is going to UNM’s satellite campuses around the state.