HOUSE BILL 416
56th legislature - STATE OF NEW MEXICO - first session, 2023
Joshua N. Hernandez and Patricia A. Lundstrom
MAKING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT DEPARTMENT TO CONDUCT A SITE READINESS AND GAP ANALYSIS ASSESSMENT TO IDENTIFY PROPERTIES ABLE TO BE DEVELOPED FOR INDUSTRY.
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 economic development department for expenditure in fiscal year 2024 to contract for services to conduct a site readiness and gap analysis assessment in collaboration with local and regional economic development organizations to identify the properties in New Mexico most able to be developed for industry, to identify the highest and best use for the properties and to determine the infrastructure needs, costs and development time line for each property. Any unexpended or unencumbered balance remaining at the end of fiscal year 2024 shall revert to the general fund.
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