0001|                           SENATE BILL 1163
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0002|     43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003|                            INTRODUCED BY
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0004|                          FERNANDO R. MACIAS
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0005|     
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0006|                                   
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0007|     
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0008|     
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0009|     
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0010|                                AN ACT
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0011|     MAKING AN APPROPRIATION FOR THE DEVELOPMENT FUND.
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0012|     
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0013|     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0014|          Section 1.  APPROPRIATION.--One million dollars
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0015|     ($1,000,000) is appropriated from the general fund to the
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0016|     development fund for expenditure in fiscal year 1998 for the
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0017|     purpose of making low-interest loans to political subdivisions
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0018|     of the state so that they can construct or implement projects
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0019|     necessary to provide services that will encourage the location
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0020|     of industry in the political subdivisions.  Any unexpended or
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0021|     unencumbered balance remaining at the end of fiscal year 1998
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0022|     shall revert to the general fund.
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0023|     .116488.1
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0024|          
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