SENATE BILL 31
56th legislature - STATE OF NEW MEXICO - second session, 2024
Roberto "Bobby" J. Gonzales and Cristina Parajón
ENDORSED BY THE MORTGAGE FINANCE AUTHORITY ACT
MAKING AN APPROPRIATION TO THE DEPARTMENT OF FINANCE AND ADMINISTRATION TO CARRY OUT THE PURPOSES OF THE AFFORDABLE HOUSING ACT.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--Five hundred thousand dollars ($500,000) is appropriated from the general fund to the department of finance and administration for expenditure in fiscal year 2025 and subsequent fiscal years for the New Mexico mortgage finance authority to carry out the purposes of the Affordable Housing Act. Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.