New Mexico 2025 Regular Session

New Mexico Senate Bill SB144 Compare Versions

Only one version of the bill is available at this time.
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22 [bracketed material] = delete
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2828 SENATE BILL 144
2929 57
3030 TH LEGISLATURE
3131 -
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3333 STATE
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3535 OF
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3737 NEW
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3939 MEXICO
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4242 FIRST SESSION
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4545 2025
4646 INTRODUCED BY
4747 Roberto "Bobby" J. Gonzales
4848 ENDORSED BY THE MORTGAGE FINANCE AUTHORITY ACT
4949 OVERSIGHT COMMITTEE
5050 AN ACT
5151 MAKING AN APPROPRIATION TO THE DEPARTMENT OF FINANCE AND
5252 ADMINISTRATION TO CARRY OUT THE PURPOSES OF THE AFFORDABLE
5353 HOUSING ACT.
5454 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
5555 SECTION 1. APPROPRIATION.--Five hundred thousand dollars
5656 ($500,000) is appropriated from the general fund to the
5757 department of finance and administration for expenditure in
5858 fiscal year 2026 and subsequent fiscal years for the New Mexico
5959 mortgage finance authority to carry out the purposes of the
6060 Affordable Housing Act. Any unexpended or unencumbered balance
6161 remaining at the end of a fiscal year shall not revert to the
6262 general fund.
6363 .229114.1SA