RELATING TO MEDICAID PERSONAL SPENDING ALLOWANCES; INCREASING THE MONTHLY ALLOWANCE; MAKING AN APPROPRIATION.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. MEDICAID--PERSONAL SPENDING ALLOWANCES--INCREASES.--For fiscal year 2001, the medicaid personal spending allowance shall be forty-five dollars ($45.00) per month for each eligible recipient. Thereafter, the medicaid personal spending allowance shall be increased at the beginning of each fiscal year by the annual percentage increase in the consumer price index for all urban consumers for all items for the preceding calendar year.

Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2000.

HB 41

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