SENATE BILL 148

54th legislature - STATE OF NEW MEXICO - second session, 2020

INTRODUCED BY

Joseph Cervantes and Tomás E. Salazar

 

 

ENDORSED BY THE NEW MEXICO FINANCE AUTHORITY

OVERSIGHT COMMITTEE

 

AN ACT

MAKING AN APPROPRIATION TO THE WATER TRUST FUND.

 

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

     SECTION 1. APPROPRIATION.--Forty-one million dollars ($41,000,000) is appropriated from the general fund to the water trust fund for expenditure in fiscal year 2021 and subsequent fiscal years to carry out the purposes of the fund. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.

.216168.1SA