HOUSE BILL 126
54th legislature - STATE OF NEW MEXICO - first session, 2019
Candie G. Sweetser
FOR THE ECONOMIC AND RURAL DEVELOPMENT COMMITTEE
MAKING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT GRANT FUND TO CARRY OUT THE PURPOSES OF THAT FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--One million five hundred thousand dollars ($1,500,000) is appropriated from the general fund to the economic development grant fund for expenditure in fiscal year 2020 and subsequent fiscal years to carry out the purposes of that fund. Any unexpended or unencumbered balance remaining in the fund at the end of a fiscal year shall not revert to any other fund.