SENATE BILL 92
53rd legislature - STATE OF NEW MEXICO - first session, 2017
INTRODUCED BY
Mary Kay Papen
ENDORSED BY THE MORTGAGE FINANCE AUTHORITY
ACT OVERSIGHT COMMITTEE
AN ACT
MAKING AN APPROPRIATION TO FUND THE OVERSIGHT OF THE REGIONAL HOUSING AUTHORITIES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--Three hundred thousand dollars ($300,000) is appropriated from the general fund to the department of finance and administration for expenditure in fiscal year 2018 and subsequent fiscal years for the purpose of funding the oversight of the regional housing authorities by the New Mexico mortgage finance authority. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.
.205084.1SA