SENATE BILL 292

55th legislature - STATE OF NEW MEXICO - first session, 2021

INTRODUCED BY

Linda M. Lopez

 

 

 

 

 

AN ACT

MAKING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT DEPARTMENT TO MANAGE AND SUPPORT SMALL BUSINESS INCUBATOR CENTERS THROUGHOUT THE STATE.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. APPROPRIATION.--Eight hundred thousand dollars ($800,000) is appropriated from the general fund to the economic development department for expenditure in fiscal year 2022 to manage and support small business incubators throughout New Mexico. Any unexpended or unencumbered balance remaining at the end of fiscal year 2022 shall revert to the general fund.

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