SENATE BILL 174

55th legislature - STATE OF NEW MEXICO - first session, 2021

INTRODUCED BY

Pat Woods

 

 

 

 

 

AN ACT

RELATING TO CAPITAL OUTLAY; PROVIDING THAT CAPITAL OUTLAY FUNDING REQUESTS FOR NONGOVERNMENTAL ENTITY PROJECTS SHALL NOT BE ACCEPTED UNLESS THE STATE OR A COUNTY OR MUNICIPALITY HAS ACCEPTED THE ROLE OF ACTING AS FISCAL AGENT FOR THE ENTITY'S PROJECT.

 

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

         SECTION 1. [NEW MATERIAL] CAPITAL OUTLAY FUNDING REQUESTS FOR NONGOVERNMENTAL ENTITIES--FISCAL AGENT.--The legislative council service shall not accept a request for capital outlay funding intended for a project of a nongovernmental entity unless the state or a county or municipality has accepted the role of acting as fiscal agent for the entity's project.

.218445.1