underscored material = new
[bracketed material] = delete
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SENATE BILL 227
57
TH LEGISLATURE
-
STATE
OF
NEW
MEXICO
-
FIRST SESSION
,
2025
INTRODUCED BY
George K. Muñoz
FOR THE LEGISLATIVE FINANCE COMMITTEE
AN ACT
RELATING TO STATE RESERVES; PROVIDING THAT STATE RESERVES SHALL
CONSIST OF CERTAIN FUNDS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. A new section of Chapter 6, Article 4 NMSA
1978 is enacted to read:
"[NEW MATERIAL] STATE RESERVES.--The state reserves
consist of the:
A. appropriation contingency fund;
B. general fund operating reserve;
C. government results and opportunity expendable
trust;
D. state-support reserve fund; and
E. tax stabilization reserve."
.229488.1