SENATE BILL 24
54th legislature - STATE OF NEW MEXICO - second session, 2020
MAKING AN APPROPRIATION TO CARRY OUT THE PROVISIONS OF THE INDIVIDUAL DEVELOPMENT ACCOUNT ACT.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--One million dollars ($1,000,000) is appropriated from the general fund to the workforce solutions department for expenditure in fiscal year 2021 and subsequent fiscal years to carry out the provisions of the Individual Development Account Act. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.