New Mexico 2023 Regular Session

New Mexico Senate Bill SB374

Introduced
2/8/23  
Report Pass
2/27/23  
Report Pass
3/8/23  

Caption

Court Emergency Property Reserve Fund

Impact

The introduction of SB374 could significantly affect the administration of state courts by providing a dedicated financial resource for emergency situations. The bill proposes an appropriation of one million dollars from the general fund for the fiscal year 2024, which establishes a physical safety net for court property management. The continuity of court operations could potentially enhance public trust in the judiciary system by ensuring that facilities remain functional and safe for staff and the public.

Summary

Senate Bill 374, introduced by Ron Griggs, establishes the Court Emergency Property Reserve Fund aimed at providing financing for emergency repairs and expenses associated with court-owned properties in New Mexico. It establishes a nonreverting fund to cover unforeseen costs that cannot be managed through warranties or insurance claims. This initiative seeks to ensure that courts can maintain operational integrity during unexpected property challenges, thereby aiming to minimize disruptions in court services.

Contention

Despite garnering unanimous support during voting, some interested parties may express concern regarding the potential allocation and management of funds. Legislators may debate how the appropriated funds are utilized and whether the emergency fund adequately addresses all necessary court facility matters. Transparency in the management and deployment of these funds will be crucial to ensure accountability and public confidence in the fund's effectiveness.

Companion Bills

No companion bills found.

Previously Filed As

NM SB301

Court Emergency Property Reserve Fund

NM SB29

Metro Courts Emergency Property Reserve

NM SB37

Strategic Water Reserve Fund

NM SB88

Medicaid Trust Fund & State Supported Fund

NM SB134

Natural Disaster Loans & Fund

NM SB202

Standardize State Investment Fund Language

NM HB91

Geothermal Resources Project Funds

NM SB228

Use Of Environment Fees & Funding

NM SB178

Tobacco Fund Not A State Reserve Fund

NM HB139

Eliminating Court Fees

Similar Bills

No similar bills found.