SENATE CONCURRENT RESOLUTION 2

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

INTRODUCED BY

Kent L. Cravens

A CONCURRENT RESOLUTION

ADOPTING A LEGISLATIVE JOINT RULE PERTAINING TO APPROPRIATIONS AND AUTHORIZATIONS.

     WHEREAS, Legislative Joint Rule 8-1 provides for the adoption, amendment or repeal of joint rules by concurrent resolution approved by two-thirds of the membership of each house;

     NOW, THEREFORE, BE IT RESOLVED BY THE SENATE OF THE STATE OF NEW MEXICO, THE HOUSE OF REPRESENTATIVES CONCURRING THEREIN, that the following new Joint Rule 12-1 be adopted to read:

"LOCAL PROJECTS--OPTING OUT (12-1)

A member of either house may provide for the transfer of some or all of any funding that is allocated to that member to the general fund operating reserve or the severance tax permanent fund, as applicable, in the same manner the member would provide for the appropriation or authorization for other projects. A member who provides for the transfer of a portion of the member's allocated funding to the general fund operating reserve or the severance tax permanent fund shall not be penalized by a reduction in the equal or similar share that is allocated to all members of the same house. Money credited to the general fund operating reserve pursuant to this rule shall not be taken into account when the operating reserve is established for the current or succeeding fiscal year."

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