SENATE BILL 57

46th legislature - STATE OF NEW MEXICO - second session, 2004

INTRODUCED BY

Ben D. Altamirano

AN ACT

MAKING AN APPROPRIATION FOR THE NEW MEXICO SMALL BUSINESS DEVELOPMENT CENTER.

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

     Section 1. APPROPRIATION.--Two million seven hundred thousand dollars ($2,700,000) is appropriated from the general fund to the commission on higher education for expenditure in fiscal year 2005 for the New Mexico small business development center at Santa Fe community college. The New Mexico small business development center shall enhance existing core services and implement additional program services by assisting small businesses with state and federal government procurement, implement a formal business retention and expansion program and establish a statewide small business incubator project associated with public institutions of higher education. Any unexpended or unencumbered balance remaining at the end of fiscal year 2005 shall revert to the general fund.

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