45th legislature - STATE OF NEW MEXICO - first session, 2001

MAKING AN APPROPRIATION TO ENCOURAGE BUSINESS DEVELOPMENT IN NORTHERN NEW MEXICO.

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

Section 1. APPROPRIATION.--Three hundred thousand dollars ($300,000) is appropriated from the general fund to the economic development department for expenditure in fiscal year 2002 for the purpose of contracting for support and expansion of business incubation services in northern New Mexico, including program development, operating costs, outreach to diverse clientele, development of evaluation tools and methods to ensure accountability for business incubators statewide. Any unexpended or unencumbered balance remaining at the end of fiscal year 2002 shall revert to the general fund.