New Mexico 2025 Regular Session

New Mexico Senate Bill SB83 Compare Versions

Version 1 (Old)

Version 2 (New)

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1		-	~~SB 83~~
2		-	~~Page 1~~
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	28	+	SENATE BILL 83
	29	+	57
	30	+	TH LEGISLATURE
	31	+	-
	32	+
	33	+	STATE
	34	+
	35	+	OF
	36	+
	37	+	NEW
	38	+
	39	+	MEXICO
	40	+
	41	+	-
	42	+	FIRST SESSION
	43	+	,
	44	+
	45	+	2025
	46	+	INTRODUCED BY
	47	+	Mimi Stewart
28	48		AN ACT
29	49		RELATING TO PUBLIC FUNDS; CREATING THE INNOVATION IN STATE
30	50		GOVERNMENT FUND FOR STATE AGENCIES TO CREATE MASTER PLANS AND
31		-	INCREASE AGENCY CAPACITY TO IMPLEMENT CLIMATE CHANGE POLICY.
	51	+	INCREASE AGENCY CAPACITY TO IMPLEMENT CLIMATE CHANGE POLICY;
	52	+	MAKING A TRANSFER FROM THE GENERAL FUND TO THE INNOVATION IN
	53	+	STATE GOVERNMENT FUND; MAKING APPROPRIATIONS FROM THE
	54	+	INNOVATION IN STATE GOVERNMENT FUND.
32	55		BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
33		-	SECTION 1. INNOVATION IN STATE GOVERNMENT FUND.--
	56	+	SECTION 1. [NEW MATERIAL] INNOVATION IN STATE GOVERNMENT
	57	+	FUND.--
34	58		A. The "innovation in state government fund" is
35		-	created as a nonreverting fund in the state treasury. The
36		-	fund consists of distributions, appropriations, gifts,
37		-	grants, donations and bequests made to the fund and income
38		-	from investment of the fund. The department of finance and
39		-	administration shall administer the fund. Money in the fund
40		-	is subject to appropriation by the legislature only as
41		-	provided in this section. Expenditures from the fund shall
42		-	be by warrant of the secretary of finance and administration
43		-	pursuant to vouchers signed by the secretary or the
44		-	secretary's authorized representative.
45		-	B. Money in the fund may be appropriated to state
46		-	agencies to create master plans and increase agency capacity
47		-	to:
48		-	(1) achieve net-zero emissions;
49		-	(2) implement sustainable economic policies;
50		-	(3) provide technical support to entities
51		-	applying for grants and other funding that seek to address SB 83
52		-	Page 2
	59	+	created as a nonreverting fund in the state treasury. The fund
	60	+	consists of distributions, appropriations, gifts, grants,
	61	+	donations and bequests made to the fund and income from
	62	+	investment of the fund. The department of finance and
	63	+	.229720.3 underscored material = new
	64	+	[bracketed material] = delete
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	90	+	administration shall administer the fund. Money in the fund is
	91	+	subject to appropriation by the legislature only as provided in
	92	+	this section. Expenditures from the fund shall be by warrant
	93	+	of the secretary of finance and administration pursuant to
	94	+	vouchers signed by the secretary or the secretary's authorized
	95	+	representative.
	96	+	B. Money in the fund may be appropriated to state
	97	+	agencies to create master plans and increase agency capacity
	98	+	to:
	99	+	(1) achieve net-zero emissions;
	100	+	(2) implement sustainable economic policies;
	101	+	(3) provide technical support to entities
	102	+	applying for grants and other funding that seek to address
78	103		climate change; or
79	104		(4) implement, enable or reduce the barriers
80	105		to implementing climate change policy.
81	106		C. Money in the fund may be expended in the event
82	107		that general fund balances, including all authorized revenues
83	108		and transfers to the general fund and balances in the general
84		-	fund operating reserve, the appropriation contingency fund
85		-	~~and~~ the tax stabilization reserve, will not meet the level of
	109	+	fund operating reserve, the appropriation contingency fund and
	110	+	the tax stabilization reserve, will not meet the level of
86	111		appropriations authorized from the general fund for a fiscal
87		-	year. In that event, to avoid an unconstitutional deficit,
88		-	the legislature may appropriate from the fund to the general
89		-	fund only in the amount necessary to meet general fund
90		-	appropriations for that fiscal year and only if the
91		-	legislature has authorized transfers from the appropriation
92		-	contingency fund, the general fund operating reserve and the
93		-	tax stabilization reserve that exhaust those fund balances.
94		-	D. By June 30 of each year, a state agency that
95		-	receives funding from the fund shall submit a report and
96		-	budget to the department of finance and administration
97		-	showing how the funds will be expended in support of the
98		-	authorized purposes. The report shall also include:
99		-	(1) justification of any proposed changes to
100		-	the agency's program structure pursuant to Section 6-3A-4
101		-	NMSA 1978, and any approval or denial of the changes pursuant
102		-	to that section, as well as the justification for the SB 83
103		-	Page 3
	112	+	year. In that event, to avoid an unconstitutional deficit, the
	113	+	legislature may appropriate from the fund to the general fund
	114	+	only in the amount necessary to meet general fund
	115	+	.229720.3
	116	+	- 2 - underscored material = new
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129		-	decision; and
130		-	(2) if an agency has received an
131		-	appropriation from the government results and opportunity
132		-	program fund for a master plan created pursuant to
133		-	Subsection B of this section and has or is expected to make a
134		-	request to expand the purpose of the appropriation,
135		-	justification for such request.
	143	+	appropriations for that fiscal year and only if the legislature
	144	+	has authorized transfers from the appropriation contingency
	145	+	fund, the general fund operating reserve and the tax
	146	+	stabilization reserve that exhaust those fund balances.
	147	+	D. By June 30 of each year, a state agency that
	148	+	receives funding from the fund shall submit a report and budget
	149	+	to the department of finance and administration showing how the
	150	+	funds will be expended in support of the authorized purposes.
	151	+	The report shall also include:
	152	+	(1) justification of any proposed changes to
	153	+	the agency's program structure pursuant to Section 6-3A-4 NMSA
	154	+	1978, and any approval or denial of the changes pursuant to
	155	+	that section, as well as the justification for the decision;
	156	+	and
	157	+	(2) if an agency has received an appropriation
	158	+	from the government results and opportunity program fund for a
	159	+	master plan created pursuant to Subsection B of this section
	160	+	and has or is expected to make a request to expand the purpose
	161	+	of the appropriation, justification for such request.
136	162		E. As used in this section:
137	163		(1) "greenhouse gas" means a gas or gaseous
138		-	compound that contributes to the greenhouse effect by
139		-	absorbing infrared radiation, including carbon dioxide,
140		-	methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons,
141		-	nitrogen trifluoride and sulfur hexafluoride;
142		-	(2) "net-zero emissions" means allowable
143		-	direct emissions of greenhouse gases that are fully offset;
144		-	and
145		-	(3) "sustainable economic policies" means
146		-	policies to promote:
147		-	(a) the addition of new jobs statewide
148		-	and the replacement of jobs that rely on the extraction or
149		-	development of natural resources; and
150		-	(b) diversifying the state's revenue
151		-	sources to replace the revenue generated from the natural
152		-	resource extraction sector, including policies that promote
153		-	economic development; investment of state revenue; SB 83
154		-	Page 4
	164	+	compound that contributes to the greenhouse effect by absorbing
	165	+	infrared radiation, including carbon dioxide, methane, nitrous
	166	+	oxide, hydrofluorocarbons, perfluorocarbons, nitrogen
	167	+	trifluoride and sulfur hexafluoride;
	168	+	.229720.3
	169	+	- 3 - underscored material = new
	170	+	[bracketed material] = delete
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	196	+	(2) "net-zero emissions" means allowable
	197	+	direct emissions of greenhouse gases that are fully offset; and
	198	+	(3) "sustainable economic policies" means
	199	+	policies to promote:
	200	+	(a) the addition of new jobs statewide
	201	+	and the replacement of jobs that rely on the extraction or
	202	+	development of natural resources; and
	203	+	(b) diversifying the state's revenue
	204	+	sources to replace the revenue generated from the natural
	205	+	resource extraction sector, including policies that promote
	206	+	economic development; investment of state revenue;
180	207		infrastructure development; determining alternative funding
181		-	sources for education, hospitals and other social services;
182		-	and long-term economic growth for the state.
	208	+	sources for education, hospitals and other social services; and
	209	+	long-term economic growth for the state."
	210	+	SECTION 2. TRANSFER.--Ten million dollars ($10,000,000)
	211	+	is transferred from the general fund to the innovation in state
	212	+	government fund.
	213	+	SECTION 3. APPROPRIATIONS.--
	214	+	A. Two million five hundred thousand dollars
	215	+	($2,500,000) is appropriated from the innovation in state
	216	+	government fund to each of the following agencies for
	217	+	expenditure in fiscal years 2026 and 2027 to carry out the
	218	+	purposes of Section 1 of this act, and any unexpended or
	219	+	unencumbered balances remaining at the end of fiscal year 2027
	220	+	shall revert to the innovation in state government fund:
	221	+	.229720.3
	222	+	- 4 - underscored material = new
	223	+	[bracketed material] = delete
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	249	+	(1) the department of environment; and
	250	+	(2) the energy, minerals and natural resources
	251	+	department.
	252	+	B. One million dollars ($1,000,000) is appropriated
	253	+	from the innovation in state government fund to each of the
	254	+	following agencies for expenditure in fiscal years 2026 and
	255	+	2027 to carry out the purposes of Section 1 of this act, and
	256	+	any unexpended or unencumbered balances remaining at the end of
	257	+	fiscal year 2027 shall revert to the innovation in state
	258	+	government fund:
	259	+	(1) the department of transportation;
	260	+	(2) the economic development department;
	261	+	(3) the workforce solutions department;
	262	+	(4) the public regulation commission; and
	263	+	(5) the state land office.
	264	+	- 5 -
	265	+	.229720.3