underscored material = new
[bracketed material] = delete
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
SENATE BILL 422
57
TH LEGISLATURE
-
STATE
OF
NEW
MEXICO
-
FIRST SESSION
,
2025
INTRODUCED BY
Micaelita Debbie O’Malley and Mimi Stewart
AN ACT
MAKING AN APPROPRIATION FOR OPERATIONAL SUPPORT FOR AFFORDABLE
HOUSING NONPROFIT ORGANIZATIONS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
SECTION 1. APPROPRIATION.--Five million dollars
($5,000,000) is appropriated from the general fund to the
department of finance and administration for expenditure in
fiscal years 2026 through 2030 for the New Mexico mortgage
finance authority to provide operational funding and technical
assistance grants to nonprofit organizations that provide
affordable housing, homelessness services or transitional
housing. Any unexpended or unencumbered balance remaining at
the end of fiscal year 2030 shall revert to the general fund.
.230975.1