SENATE BILL 39

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

INTRODUCED BY

Roman M. Maes III

FOR THE ECONOMIC AND RURAL DEVELOPMENT AND TELECOMMUNICATIONS COMMITTEE

AN ACT

MAKING AN APPROPRIATION FOR THE ECONOMIC DEVELOPMENT DEPARTMENT'S BUSINESS INCUBATOR CERTIFICATION PROGRAM.

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

     Section 1. APPROPRIATION.--Seven hundred thousand dollars ($700,000) is appropriated from the general fund to the economic development department for expenditure in fiscal year 2005 to finance the business incubator certification program. Any unexpended or unencumbered balance remaining at the end of fiscal year 2005 shall revert to the general fund.

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