HOUSE BILL 567

46th legislature - STATE OF NEW MEXICO - first session, 2003

INTRODUCED BY

Gail C. Beam







AN ACT

MAKING AN APPROPRIATION TO THE COMMISSION ON HIGHER EDUCATION FOR THE FACULTY ENDOWMENT FUND.



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

Section 1. APPROPRIATION.--Two million dollars ($2,000,000) is appropriated from the general fund to the commission on higher education for deposit in the faculty endowment fund for expenditure in fiscal year 2004 and subsequent fiscal years to be disbursed as authorized under Section 21-1-27.1 NMSA 1978. Money in the fund at the end of a fiscal year shall not revert.

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