HOUSE BILL 99
54th legislature - STATE OF NEW MEXICO - second session, 2020
Joseph L. Sanchez
MAKING AN APPROPRIATION TO THE STATE INVESTMENT OFFICE TO DEVELOP A STRATEGIC PLAN PROVIDING FOR STATE INVESTMENT IN NEW MEXICO RENEWABLE ENERGY, STORAGE AND TRANSMISSION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--Fifty thousand dollars ($50,000) is appropriated from the general fund to the state investment office for expenditure in fiscal years 2020 and 2021 to research and draft a strategic plan to establish a New Mexico renewable energy investment policy to promote and participate in growing the state's renewable energy industry. Any unexpended or unencumbered balance remaining at the end of fiscal year 2021 shall revert to the general fund.