44TH LEGISLATURE - STATE OF NEW MEXICO - FIRST SESSION, 1999

MAKING AN APPROPRIATION TO STUDY THE FEASIBILITY OF CREATING A FEDERAL INVESTMENT CORPORATION TO INSURE INVESTMENTS ON INDIAN LANDS.

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

Section 1. APPROPRIATION.--Fifty-five thousand dollars ($55,000) is appropriated from the general fund to the New Mexico office of Indian affairs for expenditure in fiscal year 2000 for the purpose of studying the feasibility of creating a federal investment corporation that is similar to the federal overseas private investment corporation that will insure investments made on Indian land. Any unexpended or unencumbered balance remaining at the end of fiscal year 2000 shall revert to the general fund.

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