SENATE BILL 35

54th legislature - STATE OF NEW MEXICO - first session, 2019

INTRODUCED BY

Michael Padilla

FOR THE ECONOMIC AND RURAL DEVELOPMENT COMMITTEE

AN ACT

MAKING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT DEPARTMENT FOR A TARGETED MARKETING AND RESEARCH CAMPAIGN TO ATTRACT RETIREES TO NEW MEXICO.

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

     SECTION 1. APPROPRIATION.--One million dollars ($1,000,000) is appropriated from the general fund to the economic development department for expenditure in fiscal year 2020 for the development and implementation of a targeted marketing and research campaign to attract individuals to retire in New Mexico. Any unexpended or unencumbered balance remaining at the end of fiscal year 2020 shall revert to the general fund.

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