SENATE BILL 170

56th legislature - STATE OF NEW MEXICO - second session, 2024

INTRODUCED BY

Gerald Ortiz y Pino

 

 

 

 

 

AN ACT

MAKING AN APPROPRIATION TO THE RURAL LIBRARIES ENDOWMENT FUND.

 

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

     SECTION 1. APPROPRIATION.--Thirty million dollars ($30,000,000) is appropriated from the general fund to the rural libraries endowment fund for expenditure in fiscal year 2025 and subsequent fiscal years for the purposes of the fund. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.

.227425.1