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| 1 | 1 | underscored material = new | |
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| 28 | 28 | SENATE BILL 174 | |
| 29 | 29 | 57 | |
| 30 | 30 | TH LEGISLATURE | |
| 31 | 31 | - | |
| 32 | 32 | ||
| 33 | 33 | STATE | |
| 34 | 34 | ||
| 35 | 35 | OF | |
| 36 | 36 | ||
| 37 | 37 | NEW | |
| 38 | 38 | ||
| 39 | 39 | MEXICO | |
| 40 | 40 | ||
| 41 | 41 | - | |
| 42 | 42 | FIRST SESSION | |
| 43 | 43 | , | |
| 44 | 44 | ||
| 45 | 45 | 2025 | |
| 46 | 46 | INTRODUCED BY | |
| 47 | 47 | Crystal Brantley | |
| 48 | 48 | AN ACT | |
| 49 | 49 | RELATING TO REGIONAL SPACEPORT DISTRICTS; PROVIDING THAT THE | |
| 50 | 50 | BOARDS OF REGIONAL SPACEPORT DISTRICTS EMPLOY THE STATE | |
| 51 | 51 | INVESTMENT COUNCIL OR STATE TREASURER TO INVEST FUNDS IN A | |
| 52 | 52 | LOCAL GOVERNMENT INVESTMENT POOL. | |
| 53 | 53 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: | |
| 54 | 54 | SECTION 1. Section 5-16-8 NMSA 1978 (being Laws 2006, | |
| 55 | 55 | Chapter 15, Section 8) is amended to read: | |
| 56 | 56 | "5-16-8. INVESTMENTS.--A board shall invest or deposit | |
| 57 | 57 | funds in accordance with the prudent investor rule set forth in | |
| 58 | 58 | the Uniform Prudent Investor Act. The board shall employ the | |
| 59 | 59 | state investment council or state treasurer to invest the funds | |
| 60 | 60 | in a local government investment pool and may pay reasonable | |
| 61 | 61 | compensation for investment management services from the assets | |
| 62 | 62 | of the applicable funds. The board shall keep accurate and | |
| 63 | 63 | .229776.1 underscored material = new | |
| 64 | 64 | [bracketed material] = delete | |
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| 90 | 90 | complete records and accounts concerning the investment | |
| 91 | 91 | portfolio." | |
| 92 | 92 | SECTION 2. EFFECTIVE DATE.--The effective date of the | |
| 93 | 93 | provisions of this act is July 1, 2025. | |
| 94 | 94 | - 2 - | |
| 95 | 95 | .229776.1 |