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

MAKING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT DEPARTMENT TO INCREASE PARTICIPATION IN FEDERAL TECHNOLOGY DEVELOPMENT PROGRAMS.

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

Section 1. APPROPRIATION.--Seventy-five thousand dollars ($75,000) is appropriated from the general fund to the economic development department for expenditure in fiscal year 2002 for the purpose of increasing participation by New Mexico technology companies in federal technology development programs to promote expansion of business start-ups and job growth throughout New Mexico. Any unexpended or unencumbered balance remaining at the end of fiscal year 2002 shall revert to the general fund.

.135722.1