SENATE BILL 162

55th legislature - STATE OF NEW MEXICO - second session, 2022

INTRODUCED BY

Elizabeth "Liz” Stefanics and Pete Campos

AN ACT

MAKING AN APPROPRIATION TO THE INTERSTATE STREAM COMMISSION FOR THE STRATEGIC WATER RESERVE.

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

     SECTION 1. APPROPRIATION.--Fifteen million dollars ($15,000,000) is appropriated from the general fund to the interstate stream commission for expenditure in fiscal year 2023 and subsequent fiscal years to administer the strategic water reserve pursuant to Section 72-14-3.3 NMSA 1978. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.

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