SENATE BILL 194

47th legislature - STATE OF NEW MEXICO - second session, 2006

INTRODUCED BY

Ben D. Altamirano

AN ACT

PROVIDING FOR A TRANSFER TO THE WATER TRUST FUND; MAKING AN APPROPRIATION.

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

     Section 1. GENERAL FUND TRANSFER TO LAND GRANT PERMANENT FUNDS.--One hundred million dollars ($100,000,000) of the nonrecurring revenue of the general fund remaining at the end of fiscal year 2006 shall be transferred to the water trust fund.

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