HOUSE BILL 3

53rd legislature - STATE OF NEW MEXICO - first special session, 2017

INTRODUCED BY

Jim Dines and Paul C. Bandy

AN ACT

RELATING TO PUBLIC FINANCE; TRANSFERRING MONEY FROM THE FUND ADMINISTERED BY THE PUBLIC EMPLOYEES RETIREMENT ASSOCIATION FOR LEGISLATIVE RETIREMENT TO THE OPERATING RESERVE ACCOUNT OF THE GENERAL FUND; DECLARING AN EMERGENCY.

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

     SECTION 1. TRANSFER TO GENERAL FUND.--Twelve million five hundred thousand dollars ($12,500,000) is transferred from the fund administered by the public employees retirement association for legislative retirement to the operating reserve account of the general fund.

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

.208598.1