0001|                               AN ACT
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0002| MAKING AN APPROPRIATION FOR PUBLIC SCHOOLS.
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0003| 
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0004| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:          Section 1.  APPROPRIATIONS.--
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0005|           A.  Five million five hundred thousand dollars ($5,500,000), or the amount
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0006| remaining in the event a reduction is made pursuant to Subsection B of this section, is
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0007| appropriated from the general fund to the state department of public education for expenditure in
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0008| fiscal year 1997 for distribution through the state equalization guarantee distribution for the
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0009| purpose of increasing public school support.
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0010|           B.  Thirty-six and thirty-six hundredths percent of the appropriation set forth in
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0011| Subsection A of this section is appropriated to the public school capital outlay fund contingent
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0012| upon the public school capital outlay council agreeing to consider applications for grant
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0013| assistance from the public school capital outlay fund for the 1996-1997 school year by the Rio
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0014| Rancho School district and the Pecos school district.
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0015|           C.  Any unexpended or unencumbered balance remaining at the end of
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0016|                                                               fiscal year 1997 shall revert to the general fund.                                                   
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