SENATE BILL 227

57th legislature - STATE OF NEW MEXICO - first session, 2025

INTRODUCED BY

George K. Muñoz

 

 

 

FOR THE LEGISLATIVE FINANCE COMMITTEE

 

AN ACT

RELATING TO STATE RESERVES; PROVIDING THAT STATE RESERVES SHALL CONSIST OF CERTAIN FUNDS.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. A new section of Chapter 6, Article 4 NMSA 1978 is enacted to read:

     "[NEW MATERIAL] STATE RESERVES.--The state reserves consist of the:

          A. appropriation contingency fund;

          B. general fund operating reserve;

          C. government results and opportunity expendable trust;

          D. state-support reserve fund; and

          E. tax stabilization reserve."

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