SENATE BILL 34

45th legislature - STATE OF NEW MEXICO - second session, 2002

INTRODUCED BY

H. Diane Snyder

FOR THE NEW MEXICO FINANCE AUTHORITY OVERSIGHT COMMITTEE

AN ACT

MAKING AN APPROPRIATION FOR DRINKING WATER SYSTEM FINANCING; DECLARING AN EMERGENCY.

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

Section 1. APPROPRIATION.--One million five hundred fifty-seven thousand eight hundred twenty dollars ($1,557,820) is appropriated from the public project revolving fund to the drinking water state revolving loan fund for expenditure in fiscal year 2002 and subsequent fiscal years to carry out the purposes of the Drinking Water State Revolving Loan Fund Act. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the public project revolving fund.

Section 2. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.