MAKING AN APPROPRIATION FROM THE GENERAL FUND TO THE PUBLIC SCHOOL CAPITAL IMPROVEMENTS FUND; DECLARING AN EMERGENCY.

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

Section 1. APPROPRIATION.--Six million one hundred thousand dollars ($6,100,000) is appropriated from the general fund to the public school capital improvements fund for expenditure in fiscal year 1998 and subsequent fiscal years for the purpose of carrying out the provisions of the Public School Capital Improvements Act. Any unexpended or unencumbered balance remaining in the fund at the end of fiscal year 1998 shall not 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 60

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