SENATE BILL 711

48th legislature - STATE OF NEW MEXICO - first session, 2007

INTRODUCED BY

John C. Ryan

FOR THE ECONOMIC AND RURAL DEVELOPMENT AND

TELECOMMUNICATIONS COMMITTEE

AN ACT

MAKING AN APPROPRIATION FOR SMALL BUSINESS INNOVATION RESEARCH OUTREACH.

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

     Section 1. APPROPRIATION.--Two hundred fifty thousand dollars ($250,000) is appropriated from the general fund to the board of regents of New Mexico institute of mining and technology for expenditure in fiscal year 2008 for the small business innovation research outreach program. Any unexpended or unencumbered balance remaining at the end of fiscal year 2008 shall revert to the general fund.

.164259.3