44TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 1999
MAKING AN APPROPRIATION FOR THE NEW MEXICO DEPARTMENT OF AGRICULTURE TO STUDY THE FEASIBILITY OF GROWING INDUSTRIAL HEMP AS A COMMERCIAL CROP.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. APPROPRIATION.--Fifty thousand dollars ($50,000) is appropriated from the general fund to the board of regents of New Mexico state university for expenditure in fiscal years 2000 and 2001 for the purpose of the New Mexico department of agriculture conducting a study of the feasibility of growing industrial hemp as a commercial crop. The New Mexico department of agriculture shall report its findings to the appropriate committee during the second session of the forty-fourth legislature and first session of the forty-fifth legislature. Any unexpended or unencumbered balance remaining at the end of fiscal year 2001 shall revert to the general fund.