SENATE JUDICIARY COMMITTEE SUBSTITUTE FOR

SENATE BILL 439

50th legislature - STATE OF NEW MEXICO - first session, 2011

AN ACT

RELATING TO FORFEITURE; PROVIDING THAT MONEY OR PROPERTY OBTAINED AS A RESULT OF AN EMBEZZLEMENT COMMITTED AGAINST A SCHOOL DISTRICT OR A PUBLIC SCHOOL IS SUBJECT TO FORFEITURE.

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

     SECTION 1. A new section of the Public School Finance Act is enacted to read:

     "[NEW MATERIAL] EMBEZZLEMENT--FORFEITURE.--Money or property obtained as a result of embezzlement, as provided in Section 30-16-8 NMSA 1978, committed against a school district or a public school is subject to forfeiture pursuant to the provisions of the Forfeiture Act."

     SECTION 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2011.

.186310.1