SENATE BILL 46
54th legislature - STATE OF NEW MEXICO - second session, 2020
ENDORSED BY THE MORTGAGE FINANCE AUTHORITY ACT
MAKING AN APPROPRIATION TO THE NEW MEXICO HOUSING TRUST FUND.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--Ten million dollars ($10,000,000) is appropriated from the general fund to the New Mexico housing trust fund for expenditure in fiscal year 2021 and subsequent fiscal years by the New Mexico mortgage finance authority for the purposes of carrying out the provisions of the New Mexico Housing Trust Fund Act. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.