Bill

Bill > SB174


NM SB174

NM SB174
Fiscal Agent For Capital Outlay Projects


summary

Introduced
01/31/2021
In Committee
02/11/2021
Crossed Over
Passed
Dead
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO CAPITAL OUTLAY; PROVIDING THAT CAPITAL OUTLAY FUNDING REQUESTS FOR NONGOVERNMENTAL ENTITY PROJECTS SHALL NOT BE ACCEPTED UNLESS THE STATE OR A COUNTY OR MUNICIPALITY HAS ACCEPTED THE ROLE OF ACTING AS FISCAL AGENT FOR THE ENTITY'S PROJECT.

AI Summary

This bill requires that capital outlay funding requests for projects of nongovernmental entities must have the state, a county, or a municipality accept the role of acting as the fiscal agent for the entity's project before the legislative council service will accept the funding request. This ensures that a government entity is responsible for overseeing the management and expenditure of the capital outlay funds for projects undertaken by nongovernmental organizations.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (1)

Last Action

Senate Finance Committee (01:00 2/16/2021 Room 322) (on 02/16/2021)

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