HOUSE BILL 43
56th legislature - STATE OF NEW MEXICO - second session, 2024
William "Bill" R. Rehm and Harlan Vincent and Andrea Romero
FOR THE COURTS, CORRECTIONS AND JUSTICE COMMITTEE
RELATING TO MOTOR VEHICLES; PROVIDING THE NEW MEXICO STATE POLICE DIVISION OF THE DEPARTMENT OF PUBLIC SAFETY WITH FOUR HUNDRED THOUSAND DOLLARS ($400,000) TO PURCHASE TOOLS DESIGNED TO ENGRAVE NUMBERS ONTO CATALYTIC CONVERTERS AND TO LOAN THESE TOOLS TO LAW ENFORCEMENT AGENCIES OR MOTOR VEHICLE REPAIR OR SERVICE SHOPS IN EXCHANGE FOR THE AGENCIES OR SHOPS PROVIDING AT NO COST TO RESIDENTS THE SERVICE OF ENGRAVING THE VEHICLE IDENTIFICATION NUMBER ONTO A MOTOR VEHICLE'S CATALYTIC CONVERTER; PROVIDING LOAN REQUIREMENTS; MAKING AN APPROPRIATION.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. [NEW MATERIAL] CATALYTIC CONVERTER ENGRAVING.--
A. The New Mexico state police division of the department of public safety shall purchase four hundred thousand dollars' ($400,000) worth of tools designed to engrave numbers onto catalytic converters and subsequently enter into agreements with law enforcement agencies or motor vehicle repair or service shops to loan these engraving tools to the law enforcement agencies or motor vehicle repair or service shops in exchange for the law enforcement agencies or motor vehicle repair or service shops providing at no cost to New Mexico residents the service of engraving the vehicle identification number of a motor vehicle onto its catalytic converter; provided that the division shall not loan more than one engraving tool to each individual motor vehicle repair or service shop.
B. The loans made pursuant to this section shall:
(1) be for terms of no longer than twenty-four months; provided that the loans may be renewed for subsequent terms;
(2) maintain the New Mexico state police division as the owner of the engraving tools; and
(3) contain any other requirements or conditions that the New Mexico state police division deems necessary.
SECTION 2. APPROPRIATION.--Four hundred thousand dollars ($400,000) is appropriated from the general fund to the New Mexico state police division of the department of public safety for expenditure in fiscal year 2025 and subsequent fiscal years for the purchase of tools designed to engrave numbers onto catalytic converters to carry out the provisions of Section 1 of this act. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.
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