HOUSE BILL 112

50th legislature - STATE OF NEW MEXICO - first session, 2011

INTRODUCED BY

Patricia A. Lundstrom

FOR THE ECONOMIC AND RURAL DEVELOPMENT COMMITTEE

AN ACT

MAKING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT DEPARTMENT TO ENHANCE BROADBAND ACCESS AND ENCOURAGE YOUTH ENTREPRENEURSHIP IN RURAL COMMUNITIES.

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

     SECTION 1. APPROPRIATION.--Two hundred thousand dollars ($200,000) is appropriated from the cash balances of the public project revolving fund to the economic development department for expenditure in fiscal year 2012 to enhance broadband access and encourage youth entrepreneurship in rural areas. Any unexpended or unencumbered balance remaining at the end of fiscal year 2012 shall revert to the public project revolving fund.

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