MAKING AN APPROPRIATION TO FUND INITIAL EXPENSES OF THE GAMING CONTROL BOARD AND A SYSTEM OF CONTINUOUS COMPUTER MONITORING OF LICENSED GAMING MACHINES; DECLARING AN EMERGENCY.

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

Section 1. APPROPRIATION.--

A. Contingent upon the appointment of the gaming control board, seven million dollars ($7,000,000) is appropriated from the general fund to the gaming control board for expenditure in fiscal years 1998 and 1999 in the following amounts and for the following purposes:

(1) three million dollars ($3,000,000) for operational expenses of the gaming control board; and

(2) four million dollars ($4,000,000) for capital expenditures required to develop and implement a system of continuous computer monitoring of licensed gaming machines mandated by the Gaming Control Act.

B. Any unexpended or unencumbered balance remaining at the end of fiscal year 1999 shall revert to the general fund.

Section 2. EMERGENCY.--It is necessary for the public peace, health and safety that this act take effect immediately.

HB 41

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