SENATE BILL 402

54th legislature - STATE OF NEW MEXICO - first session, 2019

INTRODUCED BY

Carlos R. Cisneros

AN ACT

MAKING AN APPROPRIATION TO THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO PROVIDE THE NEW MEXICO MORTGAGE FINANCE AUTHORITY MATCHING FUNDS FOR THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT YOUTH HOMELESSNESS DEMONSTRATION PROGRAM.

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

     SECTION 1. APPROPRIATION.--Four hundred thirteen thousand dollars ($413,000) is appropriated from the general fund to the department of finance and administration for expenditure in fiscal years 2020 and 2021 to provide matching funds for the New Mexico mortgage finance authority for the three-million- three-hundred-seventy-thousand-dollar ($3,370,000) grant for a youth homelessness demonstration program grant from the United States department of housing and urban development to address youth homelessness in New Mexico. Any unexpended or unencumbered balance remaining at the end of fiscal year 2021 shall revert to the general fund.

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