HOUSE BILL 41

47th legislature - STATE OF NEW MEXICO - second session, 2006

INTRODUCED BY

Henry 'Kiki' Saavedra

FOR THE LEGISLATIVE FINANCE COMMITTEE

AN ACT

PROVIDING FOR A TRANSFER TO THE SEVERANCE TAX PERMANENT FUND; MAKING AN APPROPRIATION.

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

     Section 1. GENERAL FUND TRANSFER TO THE SEVERANCE TAX PERMANENT FUND.--One hundred twenty-five million dollars ($125,000,000) of the general fund remaining at the end of fiscal year 2006 shall be transferred to the severance tax permanent fund.

.159359.1