SENATE BILL 140
56th legislature - STATE OF NEW MEXICO - first session, 2023
ENDORSED BY THE MORTGAGE FINANCE AUTHORITY
ACT OVERSIGHT COMMITTEE
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.--Forty-eight million dollars ($48,000,000) is appropriated from the general fund to the New Mexico housing trust fund for expenditure in fiscal year 2024 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.