45th legislature - STATE OF NEW MEXICO - second session, 2002

MAKING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT DEPARTMENT FOR MANUFACTURING EXTENSION SERVICES; DECLARING AN EMERGENCY.

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

Section 1. APPROPRIATION.--

A. Four hundred thousand dollars ($400,000) is appropriated from the general fund to the economic development department for expenditure in fiscal years 2002 and 2003 to contract for manufacturing extension services. Any unexpended or unencumbered balance remaining at the end of fiscal year 2003 shall revert to the general fund.

B. Expenditure of any of the money appropriated in Subsection A of this section is contingent upon the state receiving an equivalent matching amount from the national institute of standards and technology to operate a manufacturing center in New Mexico that is approved by the national institute of standards and technology.

Section 2. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.