HOUSE BILL 48
54th legislature - STATE OF NEW MEXICO - second session, 2020
Eliseo Lee Alcon
ENDORSED BY THE MORTGAGE FINANCE AUTHORITY ACT
MAKING AN APPROPRIATION FOR THE DEVELOPMENT OF A FURNACE REPLACEMENT PROGRAM FOR LOW-INCOME PERSONS.
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 department of finance and administration for expenditure in fiscal year 2021 for the New Mexico mortgage finance authority to develop and implement a furnace replacement program to replace low-efficiency furnaces for low-income persons in New Mexico with high-efficiency furnaces. Any unexpended or unencumbered balance remaining at the end of fiscal year 2021 shall revert to the general fund.