HOUSE BILL 265

57th legislature - STATE OF NEW MEXICO - first session, 2025

INTRODUCED BY

Reena Szczepanski and Tara L. Lujan and Jeff Steinborn

AN ACT

MAKING AN APPROPRIATION TO THE CREATIVE INDUSTRIES FUND OF THE ECONOMIC DEVELOPMENT DEPARTMENT FOR GRANTS.

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

     SECTION 1. APPROPRIATION.--Four million dollars ($4,000,000) is appropriated from the general fund to the creative industries fund for expenditure in fiscal year 2026 and subsequent fiscal years for the creative industries division of the economic development department's grantmaking as authorized by the Economic Development Department Act. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.

.229833.2