0001|                               AN ACT
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0002| AUTHORIZING A TRANSFER FROM THE GENERAL FUND OPERATING RESERVE 
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0003| AND OTHER FUNDS TO MEET FISCAL YEAR 1995 OBLIGATIONS; DECLARING AN
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0004| EMERGENCY.
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0005| 
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0006| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:          Section 1.  TRANSFER AUTHORITY--GENERAL FUND OPERATING RESERVE.--
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0007|           A.  Upon a determination that fiscal year 1995 revenues
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0008| and transfers to the general fund, including the transfer
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0009| authorized by Laws 1995, Chapter 30, Section 8, are not
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0010| sufficient to meet fiscal year 1995 appropriations, and
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0011| contingent upon the enactment into law of Senate Bill 687 and
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0012| House Appropriations and Finance Committee Substitute for House
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0013| Bills 2, 3, 4, 5, 6 and 8 of the second session of the forty-second legislature, the governor, with state board of finance
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0014| approval, is authorized to make the following transfers in order
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0015| to meet that fiscal year's obligations:
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0016|                (1)  twenty-four million four hundred fifty
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0017| thousand dollars ($24,450,000) from the general fund operating
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0018| reserve;
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0019|                (2)  seven million five hundred thousand dollars
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0020| ($7,500,000) from the subsequent injury fund; and
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0021|                (3)  one million two hundred fifty thousand
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0022| dollars ($1,250,000) from the long-term lease guarantee fund.
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0023| 
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0024|           B.  Upon a determination that fiscal year 1995 revenues
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0025| and transfers to the general fund, including the transfer
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0001| authorized by Laws 1995, Chapter 30, Section 8 and the transfers
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0002| authorized by Subsection A of this section, are not sufficient to
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0003| meet fiscal year 1995 appropriations and contingent upon the
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0004| enactment into law of Senate Bill 687 and House Appropriations
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0005| and Finance Committee Substitute for House Bills 2, 3, 4, 5, 6
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0006| and 8 of the second session of the forty-second legislature,
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0007| after April 1, 1997 the governor, with state board of finance
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0008| approval, is authorized to transfer thirty-one million nine
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0009| hundred thousand dollars ($31,900,000) from the general fund
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0010| operating reserve to meet that fiscal year's obligations.
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0011|      Section 2.  EMERGENCY.--It is necessary for the public peace, health and safety
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0012|                                                               that this act take effect immediately.                                                    
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