Bill > SB295

This bill amends several sections of the New Mexico Statutes Annotated (NMSA) related to disaster funding. The key provisions are: 1. It defines "budget adjustment" to exclude the allocation of disaster funds appropriated under the bill. 2. It modifies the budget adjustment procedure to exempt disaster and emergency response funds from the 10-day review period. 3. It limits the use of the General Fund Operating Reserve and the Appropriation Contingency Fund to specific purposes, including funding for disasters. 4. It establishes a new section to appropriate funds from the Appropriation Contingency Fund and General Fund Operating Reserve to remediate disasters, subject to certain requirements and reporting obligations. 5. It repeals sections related to the State Disaster Relief Act. Overall, the bill aims to create a dedicated funding source and streamlined process for responding to disasters in New Mexico, while placing some restrictions on the use of certain state funds.

Budget and Finance, Health and Social Services

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=295&year=21