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HOUSE BILL 265
57
TH LEGISLATURE
-
STATE
OF
NEW
MEXICO
-
FIRST SESSION
,
2025
INTRODUCED BY
Reena Szczepanski and Tara L. Lujan
AN ACT
MAKING AN APPROPRIATION TO THE CREATIVE INDUSTRIES FUND OF THE
ECONOMIC DEVELOPMENT DEPARTMENT FOR GRANTS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--Four million dollars
($4,000,000) is appropriated from the general fund to the
creative industries fund for expenditure in fiscal year 2026
and subsequent fiscal years for the creative industries
division of the economic development department's grantmaking
as authorized by the Economic Development Department Act. Any
unexpended or unencumbered balance remaining at the end of a
fiscal year shall not revert to the general fund.
.229833.2