HOUSE BILL 836

46th legislature - STATE OF NEW MEXICO - first session, 2003

INTRODUCED BY

James G. Taylor





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 six hundred ten thousand five hundred dollars ($1,610,500) is appropriated from the public project revolving fund to the drinking water state revolving loan fund for expenditure in fiscal year 2003 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.

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