SENATE BILL 81

53rd legislature - STATE OF NEW MEXICO - second session, 2018

INTRODUCED BY

Bill Tallman

AN ACT

MAKING AN APPROPRIATION TO CARRY OUT THE PROVISIONS OF THE INDIVIDUAL DEVELOPMENT ACCOUNT ACT.

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

     SECTION 1. APPROPRIATION.--Five hundred thousand dollars ($500,000) is appropriated from the general fund to the workforce solutions department for expenditure in fiscal year 2019 and subsequent fiscal years to carry out the provisions of the Individual Development Account Act. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.

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