HOUSE BILL 164
54th legislature - STATE OF NEW MEXICO - second session, 2020
Tomás E. Salazar and Gail Armstrong
MAKING AN APPROPRIATION TO THE OFFICE OF THE STATE TREASURER TO IMPLEMENT THE NEW MEXICO WORK AND SAVE ACT.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--Seven hundred fifty thousand dollars ($750,000) is appropriated from the general fund to the office of the state treasurer for expenditure in fiscal years 2021 through 2023 to implement the New Mexico Work and Save Act, contingent on the enactment of House Bill 44 or similar legislation of the second session of the fifty-fourth legislature. Any unexpended or unencumbered balance remaining at the end of fiscal year 2023 shall revert to the general fund.