SENATE CONSERVATION COMMITTEE SUBSTITUTE FOR

SENATE BILL 440

51st legislature - STATE OF NEW MEXICO - first session, 2013

AN ACT

MAKING AN APPROPRIATION TO THE INTERSTATE STREAM COMMISSION TO ACQUIRE, RETIRE, PROTECT AND CONSERVE WATER RIGHTS AND CONSERVE WATER IN THE LOWER RIO GRANDE BASIN.

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

     SECTION 1. APPROPRIATION.--One hundred twenty million dollars ($120,000,000) is appropriated from the general fund to the interstate stream commission for expenditure in fiscal year 2014 and subsequent fiscal years to acquire, retire, protect and conserve water rights and conserve water in the lower Rio Grande basin. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.

.193196.1