SENATE BILL 262
56th legislature - STATE OF NEW MEXICO - second session, 2024
William P. Soules
MAKING AN APPROPRIATION TO THE DEPARTMENT OF TRANSPORTATION TO STUDY THE FEASIBILITY OF CONSTRUCTING A HIGH-SPEED PASSENGER RAILROAD IN NEW MEXICO.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--Two hundred thousand dollars ($200,000) is appropriated from the general fund to the department of transportation for expenditure in fiscal year 2025 to study the feasibility of constructing a high-speed passenger railroad in New Mexico. Any unexpended or unencumbered balance remaining at the end of fiscal year 2025 shall revert to the general fund.