SB 710
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AN ACT
RELATING TO THE EXPENDITURE OF PUBLIC MONEY; PROVIDING FOR
CAPITAL EXPENDITURES; MAKING GENERAL FUND APPROPRIATIONS;
PROVIDING FOR OPERATING EXPENSES AND OTHER EXPENDITURES;
DECLARING AN EMERGENCY.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. GENERAL FUND APPROPRIATIONS--LIMITATIONS--
REVERSIONS.--
A. Except as otherwise provided in this section or
another section of this act, the unexpended balance of an
appropriation made in this act from the general fund shall
revert to the originating fund as follows:
(1) for projects for which appropriations
were made to match federal grants, six months after
completion of the project;
(2) for projects for which appropriations
were made to purchase vehicles, emergency vehicles or other
vehicles that require special equipment, heavy equipment,
educational technology or equipment or furniture that is not
related to a more inclusive construction or renovation
project, at the end of the fiscal year two years following
the fiscal year in which the appropriation was made for the
purchase; and
(3) for all other projects for which