HOUSE BILL 202

56th legislature - STATE OF NEW MEXICO - first session, 2023

INTRODUCED BY

Linda Serrato and Meredith A. Dixon

 

 

 

 

 

AN ACT

MAKING AN APPROPRIATION TO THE HIGHER EDUCATION DEPARTMENT FOR THE CENTRAL NEW MEXICO COMMUNITY COLLEGE TO DEVELOP AND LAUNCH A VENTURE STUDIO TO BUILD AND DEVELOP LOCAL COMPANIES.

 

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

     SECTION 1. APPROPRIATION.--Five million dollars ($5,000,000) is appropriated from the general fund to the higher education department for expenditure in fiscal years 2024 through 2028 for the central New Mexico community college to develop and launch a venture studio to build and develop local companies. Any unexpended or unencumbered balance remaining at the end of fiscal year 2028 shall revert to the general fund.

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