HOUSE BILL 93

48th legislature - STATE OF NEW MEXICO - first session, 2007

INTRODUCED BY

Patricia A. Lundstrom

FOR THE

ECONOMIC AND RURAL DEVELOPMENT AND TELECOMMUNICATIONS COMMITTEE

AN ACT

RELATING TO ECONOMIC DEVELOPMENT; MAKING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT DEPARTMENT FOR MANUFACTURING EXTENSION SERVICES; DECLARING AN EMERGENCY.

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

     Section 1. TEMPORARY PROVISION--FINDINGS AND PURPOSE.--

          A. The New Mexico legislature finds that it is essential to the state of New Mexico that the state increase the financial support for the delivery of services to small and mid-size manufacturers.

          B. The New Mexico legislature also finds that any federal funds received for the delivery of services to small and mid-size manufacturers should be matched in whole by the state.

          C. The New Mexico legislature intends that its support for the delivery of services for small and mid-size manufacturers be used to match federal funds.

     Section 2. APPROPRIATION.--

          A. One million three hundred thousand dollars ($1,300,000) is appropriated from the general fund to the economic development department for expenditure in fiscal years 2007 and 2008 to contract for manufacturing extension services. Any unexpended or unencumbered balance remaining at the end of fiscal year 2008 shall revert to the general fund.

          B. Expenditure of any of the money appropriated in Subsection A of this section is contingent upon the receipt of money from the national institute of standards and technology to operate a manufacturing center in New Mexico that is approved by the national institute of standards and technology.

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

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