HOUSE BILL 7

46th legislature - STATE OF NEW MEXICO - second session, 2004

INTRODUCED BY

Ben Lujan

AN ACT

RELATING TO ECONOMIC DEVELOPMENT; PROVIDING FUNDING FOR DEVELOPMENT TRAINING PROGRAMS; MAKING AN APPROPRIATION; DECLARING AN EMERGENCY.

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

     Section 1. A new section of Chapter 21, Article 19 NMSA 1978 is enacted to read:

     "[NEW MATERIAL] DISTRIBUTIONS OF DEVELOPMENT TRAINING FUNDS.--

          A. Of appropriations made in any fiscal year for development training, up to two-thirds shall be expended in urban communities in the state. At least one-third of the appropriations made in any fiscal year for development training shall be expended in non-urban communities.

          B. Of money appropriated to the development training fund in any fiscal year, the economic development department may use:

                (1) up to fifty thousand dollars ($50,000) to generally administer the development training program; and

                (2) in addition to the general administration funding allowed in Paragraph (1) of this subsection, up to twenty-five thousand dollars ($25,000) to administer the provisions of Section 21-19-7.1 NMSA 1978.

          C. Up to one million dollars ($1,000,000) of development training funds may be used to reimburse film and multimedia production companies pursuant to the provisions of Section 21-19-7.1 NMSA 1978.

          D. As used in this section:

                (1) "non-urban community" means a municipality that is not an urban community or the unincorporated area of a county; and

                (2) "urban community" means a municipality with a population of forty thousand or more according to the most recent federal decennial census.

     Section 2. APPROPRIATION.--Twenty-five million dollars ($25,000,000) is appropriated from the general fund to the development training fund for expenditure in fiscal year 2004 and subsequent fiscal years for a development training program providing classroom and in-plant training to furnish qualified manpower resources for certain new or expanding industries and businesses in the state. Any unexpended or unencumbered balance remaining in the development training fund at the end of a fiscal year shall not revert to the general fund.

     Section 3. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.

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