SENATE BILL 322

46th legislature - STATE OF NEW MEXICO - first session, 2003

INTRODUCED BY

Roman M. Maes III







AN ACT

MAKING AN APPROPRIATION TO THE ECONOMIC DEVELOPMENT DEPARTMENT TO PROMOTE ECONOMIC DEVELOPMENT IN NEW MEXICO.



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

Section 1. APPROPRIATION.--Ten million dollars ($10,000,000) is appropriated from the general fund to the economic development department for expenditure in fiscal year 2004 to pay for advertising costs and staff travel expenses related to the promotion of economic development in New Mexico. Any unexpended or unencumbered balance remaining at the end of fiscal year 2004 shall revert to the general fund.

.143890.1