summary
Introduced
01/18/2022
01/18/2022
In Committee
Crossed Over
Passed
Dead
02/17/2022
02/17/2022
Introduced Session
2022 Regular Session
Bill Summary
AN ACT RELATING TO CANNABIS; DISTRIBUTING A PORTION OF THE REVENUE FROM THE CANNABIS EXCISE TAX TO A NEW SUBSTANCE USE DISORDER TREATMENT FUND; CREATING THE SUBSTANCE USE DISORDER TREATMENT FUND; MAKING AN APPROPRIATION.
AI Summary
This bill creates a new Substance Use Disorder Treatment Fund in the state treasury. It distributes 10% of the net receipts from the cannabis excise tax to this fund, which will be administered by the Human Services Department to provide statewide substance use disorder treatment. Any unexpended or unencumbered balance in the fund at the end of the fiscal year will revert to the general fund. The bill takes effect on July 1, 2022.
Sponsors (1)
Last Action
Action Postponed Indefinitely (on 01/18/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=47&year=22 |
| BillText | https://www.nmlegis.gov/Sessions/22%20Regular/bills/senate/SB0047.pdf |
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