SENATE BILL 211

49th legislature - STATE OF NEW MEXICO - first session, 2009

INTRODUCED BY

Nancy Rodriguez

FOR THE MORTGAGE FINANCE AUTHORITY ACT OVERSIGHT COMMITTEE

AN ACT

MAKING AN APPROPRIATION TO THE HOUSING TRUST FUND.

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

     Section 1. APPROPRIATION.--Fifteen million dollars ($15,000,000) is appropriated from the general fund to the New Mexico housing trust fund for expenditure in fiscal year 2010 and subsequent fiscal years for the purposes of carrying out the provisions of the New Mexico Housing Trust Fund Act. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.

.174191.1